“The fact that crude prices have dropped precipitously makes it likely that states in the North Central will struggle to deal with dwindling finances and a COVID-19 outbreak in the region.”
While the coronavirus pandemic continues to have a negative impact on the Nigerian economy, nothern states may suffer more from its implications, a report said.
Finance Minister Zainab Ahmed said in March that this year’s record 10.59 trillion naira budget would be cut by about 15 percent. The conflict has effectively affected food production and added more people into the unemployment pool, the report says. The report also highlighted that the potential impact of COVID-19 in the north east states “will be very devastating.”
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.
TECNO launches five camera-equipped smartphone | The Guardian Nigeria News - Nigeria and World NewsTecno Nigeria, a global premier mobile phone brand, has announced the launch of the groundbreaking Spark 5 smartphone. Equipped with five cameras and a powerful 5,000 mAh battery, the Spark 5 will bring photos and videos to life on its 6.6 inch dot-in-display. The SPARK 5 brings unmatched quality in image and video creation powered …
Read more »
Tracking Gambari, Buhari’s new gatekeeper | The Guardian Nigeria News - Nigeria and World NewsUnless you found a way to keep off the media and cyberspace since Monday, you won’t have missed news of the appointment of Prof Ibrahim Agboola Gambari as Chief Of Staff to President Muhammadu Buhari. Buhari’s choice of the former Under United Nations (UN) Secretary as a replacement for the late Mallam Abba Kyari, has …
Read more »
Kanu threatens to sue FG over arrest of IPOB members - Latest Nigeria News, Nigerian Newspapers, PoliticsBy Chris Njoku, Owerri The leader of Indigenous People of Biafra (IPOB), Nnamdi Kanu, on Thursday said he would sue the Federal Government and Inspector-General of Police for illegal arrest of the IPOB members in Delta State. Police in the state arrested about 10 members of the organisation on Wednesday allegedly in possession of […]
Read more »
No 5G licence holder in Nigeria, says NCC - The Nation Nigeria NewsThe Nigerian Communications Commission (NgComCommission) has reiterated that it has not licensed any telecoms firm to provide 5G services. DrIsaPantami NITDANigeria
Read more »