In the face of the current dual challenge of falling oil price and economic lockdown occasioned by COVID-19 pandemic, the question is, which policy direction is effective in driving economic expansion? Policy directions should be guided based on established evidence; therefore, the broad objective of this study is to analyse the implications of the COVID-19 pandemic on the Nigerian economy and proffer policy recommendations based on the Dynamic CGE model of the Nigerian Economic Summit Group.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app--- Send in a voice message: https://anchor.fm/lagos-covid19-updates/message