Economy will recover in Q1 2021, says minister- The Nation Nigeria News


From Nduka Chiejina (Asst Editor), Abuja

 

The Federal Government has predicted that the economy will rebound to positive territory in the first quarter (Q1) of 2021.

Minister of Finance, Zainab Ahmed made this prediction when board members of the Federal Inland Revenue Service (FIRS) paid her a courtesy call.

She hinged her optimism on the minimal impact of the corona virus pandemic. She said: “The shocks have not manifested as expected, and that the pandemic has not impacted much, especially in Nigeria because of the proactive measures taken by government especially in the health sector.”

A statement from the ministry signed by Yunusa Tanko Abdullahi, the Special Adviser Media and Communications to Minister of Finance, quoted Zainab Ahmed as saying: “We are expecting by the first quarter of 2021, we shall be okay.”

The finance minister reminded the FIRS board members that “there are other government obligations and debt servicing which requires revenue to fund and we…



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