This edition of the Nigeria Development Update provides policy options that Nigerian policymakers may consider in order to mitigate the impacts of COVID-19 (coronavirus) and lay the foundation for a strong recovery. These policy options are organized in the five areas: 1. Containing the COVID-19 outbreak and preparing to deal with a more severe outbreak; 2. Enhancing macroeconomic management to boost investor confidence; 3. Safeguarding and mobilizing revenues; 4. Reprioritizing public spending to protect critical development expenditures; 5. Supporting economic activity and provide relief for poor and vulnerable communities.
Details
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Author
Joseph-Raji,Gloria Aitalohi, Gui-Diby,Steve Loris, Hernandez Ore,Marco Antonio, Timmis,Emilija, Ogebe,Joseph Orinya, Shuaibu,Mohammed Isa, Maruta,Admasu Asfaw, Isiekwe,Ifeyinwa, Kojima,Masami, Rostom,Ahmed Mohamed Tawfick, Cortes,Mariano, Zottel,Siegfried, Steinbach,Max Rudibert, Lothrop,Sean Craig, Balch,Oliver William, Vishwanath,Tara, Lain,Jonathan William, Valliant,Julia, Brudevold-Newman,Andrew Peter, Engel,Jakob, Lee,Woori, Mghenyi,Elliot Wamboka, De,Supriyo, Yameogo,Nadege Desiree, Adhikari,Samik, Ajiboye,Ayodeji Gafar
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Document Date
2020/06/01
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Document Type
Report
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Report Number
149989
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2020/06/24
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Disclosure Status
Disclosed
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Doc Name
Nigeria in Times of COVID-19 : Laying Foundations for a Strong Recovery
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Keywords
oil price; government revenue; border closure; global economic prospect; Agriculture; transport and logistics services; small and medium enterprise; oil and gas export; living standard survey; Population Growth; total employment; million people; high inflation rate; crude oil price; Migration and Remittances; Social Safety Nets; economic growth prospects; international oil price; current account deficit; movement of people; economic recovery; female workers
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Citation
Joseph-Raji,Gloria Aitalohi Gui-Diby,Steve Loris Hernandez Ore,Marco Antonio Timmis,Emilija Ogebe,Joseph Orinya Shuaibu,Mohammed Isa Maruta,Admasu Asfaw Isiekwe,Ifeyinwa Kojima,Masami Rostom,Ahmed Mohamed Tawfick Cortes,Mariano Zottel,Siegfried Steinbach,Max Rudibert Lothrop,Sean Craig Balch,Oliver William Vishwanath,Tara Lain,Jonathan William Valliant,Julia Brudevold-Newman,Andrew Peter Engel,Jakob Lee,Woori Mghenyi,Elliot Wamboka De,Supriyo Yameogo,Nadege Desiree Adhikari,Samik Ajiboye,Ayodeji Gafar
Nigeria in Times of COVID-19 : Laying Foundations for a Strong Recovery (English). Nigeria Economic Update Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/695491593024516552/Nigeria-in-Times-of-COVID-19-Laying-Foundations-for-a-Strong-Recovery