Sanwo-Olu explains plan to reopen economy


Lagos State governor, Babajide Sanwo-Olu said plans are on top gear to reopen the economy fully amid the coronavirus pandemic.

Lagos has been on lockdown since March 30 when President Muhammadu Buhari imposed curfew on the state alongside Ogun and Federal Capital Territory on account of the ravaging virus.

The situation has had adverse effect on the state economy generally, crippling businesses culminating in job losses and paucity of fund in circulation.

Sanwo-Olu while speaking as a panellist at a webinar titled: ‘A global pandemic: local realities and peculiarities – a view from the frontlines’, lamented the economic hardship coronavirus foisted on Lagos.

The governor explained the state has lost revenue to the virus even as he reeled out plans to open the economy fully in a matter of days.

He said: “In terms of direct economy, I know that the entertainment industry has been affected badly. I know the hospitality industry has been affected greatly, especially as people could not go out.

“It affected those sectors badly. Transportation business and the aviation sector have been affected significantly and these are large employers of labour. We all know that Nollywood employs many people, so we are thinking through how to reset these economies very quickly, but in a very gradual manner.”

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