COVID-19 lockdown: FG, states to find equilibrium for social and economic sustainability vanguardnews
the global outbreak of the Coronavirus, COVID-19, pandemic continues to cause significant health challenges across the world, many countries have been working assiduously in containing it and its challenges with a devastating impact on world economies. No doubt, the natural environment is the biggest gainer in this pandemic era with many factories and businesses closed, combined with fewer cars on the road and fewer planes in the sky, our natural environment is recovering slowly.
In Nigeria, with the huge population of the country in the informal sector and many surviving on daily wages, and the growing existence of Micro, small and medium enterprises, MSMEs, the continued total lockdown will further cripple businesses, accelerate the rate of job loss and increase the level of poverty with the consequential effect of increased insecurity.
Unlike the advanced nations that have made good provisions for the people and businesses via “stimulus Package” with more direct intervention such as direct wage or income support, tax credits or tax deferrals, wage subsidies, short-term work schemes, moratoriums on loan payments and the establishment of a coronavirus Job Retention Scheme, where the government pays up to 60% of private-sector salaries until June, as long as workers are not sacked, as exhibited in countries like France, Denmark,...
“You have seen the difficulty that oil prices are experiencing around the world. So, it is a no-brainer. You don’t need to be a rocket scientist to know that you may not even have N200b to share as FAAC in June. We are talking of June because oil is sold three months ahead. So, the ones that have been sold before now, they have given us that it is not as bad as it is”.
As widely informed by the World Health Organisation that a good strategy in curbing the Coronavirus is to improve and accelerate testing and reporting. It has become evident that Nigeria’s Government through NCDC has been moving at a snail pace when it comes to testing.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FG bars PTF from COVID-19 funds – Daily TrustThe Office of the Accountant-General of the Federation (OAGF) yesterday released the guidelines on COVID-19 goodwill donations and how the funds would be administered. The OAGF barred the Presidential Task Force on COVID-19 from having access to the proceeds. It said all proceeds whether collected by the Central Bank of Nigeria or through the FG …
Read more »
COVID-19: FG opens 18-bed isolation, treatment centre in RiversThe University of Port Harcourt Teaching Hospital (UPTH) has opened an 18-bed capacity isolation centre for testing and treatment of COVID-19 patients.
Read more »
Nigerians Yet to Come to Terms with Deadly Nature of COVID-19, FG Laments - THISDAYLIVEWarns against dangers ahead of non-compliance with guidelines Says Buhari concerned about increasing infection among health workers Extends flight ban by four weeks, predicts many airlines won’t survive Asks states to increase isolation centres To inaugurate THISDAY’s 320-bed isolation centre Tuesday •Cases rise to 3,145 with 534 discharged, 103 dead Martins Ifijeh in Lagos, …
Read more »
COVID-19: FG speaks on NCDC officials charging N35,000 for testsThe Secretary to the Government of the Federation (SGF), Boss Mustapha, has rubbished claims that the Nigeria Centre for Disease Control (NCDC) officials are collecting N35,000 to collect samples for COVID-19 test. Mustapha reacted on Wednesday, while fielding questions during the presidential task force on COVID-19 briefing. According to him, many Nigerians cannot afford that
Read more »
COVID-19: CSOs tasks FG on $3.4bn IMF emergency loan – Daily TrustSome Civil Society Organisations (CSOs) in the country has welcomed the International Monetary Fund’s (IMF) prompt response to the Federal Government’s request for financial assistance to fight the COVID-19 pandemic and shore up the country’s failing economy by approving a loan of $3.4bn in emergency support. They, however, urged the FG to prioritize and utilise …
Read more »
COVID-19: FG gives update on school feeding programme in Lagos, Abuja, OgunThe Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouq, has said that the Federal Government is set to start feeding schoolchildren in their homes, in conjunction with state governments. Sadiya stated this on Wednesday while speaking at the Presidential Task Force for COVID-19 briefing. According to her, the school feeding programme has
Read more »