Economic crisis facing Nigeria may be worst than COVID-19 disease – PDP

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The People’s Democratic Party (PDP) has warned that the economic crisis that may occur as a result of the COVID-19 pandemic may be worse than the effects of the virus.

Chairman, PDP Lagos Chapter, Deji Doherty, said it’s quite apparent that the present government, headed by the All Progressives Congress (APC) was not working on all fronts and unproactive in their planning during this COVID-19 crisis.

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Doherty said: “However, we must put away our partisan differences and work, think and speak in the interest of all Lagosians and Nigerians at large. I believe it is time to call on the Central Bank Governor, the Minister of Finance, the Presidential Economic Advisory Team and of course the bankers’ committee to urgently look into how economic stability can be achieved.”

He, therefore, wondered how businesses would pay salaries for work already done or work not done at all during the lock down period.

The PDP chairman also said that the economic backlash from the citizens and Lagos State residents would be unimaginable, because the various casual workers, such as drivers, cooks, tailors, barbers, taxi drivers and office workers, among others, might not be paid or record revenue during this period, and as such, would not be able to pay their rents, school fees, buy groceries and food to adequately sustain their families for the next couple of months.