The African Heritage Institution has, since the advent of the coronavirus disease otherwise known as COVID-19, intensified its campaign on the economic fallout of the pandemic, both on the global and regional economies. In some of its radio discussion programs, the Institution through its Executive Director and Associate Fellow have emphasized that the downward trend of economic activities as well as the near/total cessation of business, trade, production, etc. both locally and internationally would on the long run affect not only the income/expenditure of the government but also the private sector, which certainly would result into most countries/states not being able to meet their targets, properly implement their budgets, and meet other financial obligations. Already, supply chain line is being disrupted due to lockdowns and other control measures. The shipping industry is losing millions of Dollars daily; crude oil prices are daily sliding downwards with reserves and excess crude savings being adversely affected, the economic after effect of the COVID-19 will pose a great challenge to policy makers and managers of the various economies if adequate shocks and post pandemic measures are not put in place even as the government is battling to curtail the spread of the disease.