The Nigeria Economic Sustainability Plan (NESP), approved by the Federal Executive Council (FEC) on June 24, 2020, was developed by the Economic Sustainability Committee (ESC), established by President Muhammadu Buhari on March 30, 2020. The NESP was developed in consultation with Cabinet Ministers, Heads of Federal Agencies, the Presidential Economic Advisory Council (PEAC), State Governors and the National Assembly.

I acknowledge the difficulties that many Nigerians have experienced over the past few months, caused by the emergency measures taken to protect and ensure the safety of lives. Businesses are handicapped, work days have been cut short and personal liberties restricted. We will need to summon the reserves of our famed resilience and adapt quickly to the new realities of the COVID-19 era, aiming to ultimately bounce back even stronger.

Chaired by Vice President Yemi Osinbajo, the ESC comprised several Cabinet Ministers as well as the Group Managing Director of the NNPC and the Governor of the Central Bank of Nigeria (CBN).