Gov’t To Lose Le200Bn

By Ayodele Deen-Cole

Coordinator of the Outreach Communication Unit in the Ministry of Information and Communications, Abu Bakarr Joe Sesay has disclosed that the Government of Sierra Leone (GoSL) will be losing over Le200 billion this year due to the global Coronavirus outbreak.

According to the Coordinator, the precautionary measures imposed on airlines and the hospitability sector will have negative impact on national revenue generation, adding that another area that will be affected seriously is the trade sector due to the rigorous checks at the various border crossing points to neighbouring Guinea and Liberia.

He said before the COVID-19 was declared pandemic by the World Health Organization (WHO), the National Revenue Authority (NRA) was well positioned to meet its revenue generation target of over five trillion Leones. The Coordinator however lamented that with no airlines operating, hotel rooms and bars empty and low trade in terms of import and export, the GoSL will lose over Le200bn.

He however assured that despite the GoSL will be losing such whopping amount in terms of revenue, it has started making financial plans to help NRA and the people.