Home Current News Nigeria needs 120 bln naira for coronavirus battle, turns to private sector

Nigeria needs 120 bln naira for coronavirus battle, turns to private sector

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Nigeria needs 120 bln naira for coronavirus battle, turns to private sectorNigeria has appealed to private companies to make voluntary contributions towards the 120 billion naira ($330 million) that the government says it needs to fight the coronavirus epidemic. “So far, the federal government has made giant strides in the fight but it is clear that the private sector needs to step in and support efforts already being made,” Central Bank Governor Godwin Emefiele said. The crash in oil prices, which have fallen by nearly two- thirds this year due in large part to a coronavirus-induced demand collapse, has seriously battered Nigeria’s finances.

Source: yahoo.com/news