Sanwo-Olu, the Lagos State governor has said the State Government remained committed to tackling COVID-19 and breaking the cycle of its transmission, but added that there was need to address hunger and job loss that could arise from prolonged lockdown of the economy.
He said: “We have been caught in a very delicate situation between managing COVID-19 on one hand and managing hunger and sustaining an economy that is not only depended on commercial activities in Lagos alone, but also other States across the federation. We have had weeks of engagement with players in fast-moving consumer goods sector and part of the measures we are taking is that, we are giving them additional clearance to work for longer hours.
“ we provided palliatives for over 800,000 households, pointing out that there was need to bring succour to residents that live on daily wage.
The Governor said people must trust the Government on the management of the coronavirus and data being churned out.
Answering a question on the biggest consequence which COVID-19 had on State economy, Sanwo-Olu said: “Lagos has been affected both on the healthcare and economy sides. We have had to take a deep dive into our budget and have about 25 per cent cut, which is not very good number for us. This is the time we need to continue to spend to stave off pressure on our citizens. However, we need to be prudent at this time and cut unimportant expenditures. Salary is one thing we cannot even touch.
The Governor said the battle to stop the ravaging virus in Lagos had subjected the State to a delicate situation of having to manage hunger resulting from weeks of slowdown in economic activities and also the movement of consumer goods to keep the economy afloat.
Sanwo-Olu disclosed this development while speaking at a webinar organised by First Securities Discount House (FSDH) Group, with the theme: “A Global Pandemic: Local Realities and Peculiarities – A View from the Frontlines”. The Governor was a panelist in the online discussion that also featured Governors of Kaduna and Edo states, Mallam Nasir el-Rufa’i and Godwin Obaseki.
The webinar had about 1,200 people who participated from across the globe.