ECONOMIC POLICY MEASURES TAKEN BY THE NIGERIAN GOVERNMENT IN THE WAKE OF THE COVID-19 CRISIS

In Nigeria as in most developing economies, the COVID 19 outbreak puts enormous strain on the economy, even as it is still recovering from the 2016 economic recession which was as a result of a fall out of the global oil price crash and insufficient foreign exchange earnings to meet import costs. COVID 19’s effect on the Nigerian economy is double-barreled- Nigeria is an oil dependent country and it not only facing the effects of COVID 19 on supply chains, it is also battling a devastating fall in global oil prices.

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