World Bank2020-07-082020-07-082020-06https://hdl.handle.net/10986/34046This edition of the Nigeria Development Update provides policy options that Nigerian policymakers may consider in order to mitigate the impacts of COVID-19 (coronavirus) and lay the foundation for a strong recovery. These policy options are organized in the five areas: 1. Containing the COVID-19 outbreak and preparing to deal with a more severe outbreak; 2. Enhancing macroeconomic management to boost investor confidence; 3. Safeguarding and mobilizing revenues; 4. Reprioritizing public spending to protect critical development expenditures; 5. Supporting economic activity and provide relief for poor and vulnerable communities.CC BY 3.0 IGOOIL PRICESCORONAVIRUSCOVID-19AGRICULTURAL PRODUCTIVITYMIGRATIONPANDEMIC IMPACTECONOMIC GROWTHECONOMIC OUTLOOKINFLATIONEXTERNAL SECTORMONETARY POLICYFINANCIAL SECTORFISCAL TRENDSREMITTANCESBORDER CLOSUREReportWorld Bank10.1596/34046