Nigeria’s former Finance Minister, Okonjo-Iweala, has warned that recession and difficult times are ahead amid the coronavirus pandemic.
She urged the Buhari-led government and other African countries to diversify the economy and look for other means of revenue as difficult times are ahead occasioned by the COVID-19 pandemic.
The former minister advised that Nigeria and other African countries’ economies have a lot of sectors like agriculture, tourism, and creative industries to diversify into to make the economy work.
” It is not just diversifying your economy but also diversifying your sources of revenue.
“2020 spilling into 2021 is going to be a difficult year but I believe that if the world acts as one, if countries do not retreat into nationalism, populism, we will all have the resources to deal with these issues and help countries that do not have enough.”
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