Without Quick Stimulus, Nigerian Economy Will Fall into Recession -Finance Minister

Nigeria, Africa’s most populous country, may fall into recession this year if an economic stimulus plan isn’t put in place to check the effects of the coronavirus pandemic, Finance Minister Zainab Ahmed said. The country of more than 200 million people could see its economy shrink by as much as 3.4%, Ahmed said Tuesday on Arise TV. Nigeria needs radical action to avoid an economic contraction, said Ahmed, who added that the country’s multilateral creditors were considering suspending debt repayments to help.

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First Made in Nigeria Ventilator to be unveiled today

The National Agency for Science and Engineering Infrastructure has produced the first made in Nigeria ventilators. The development is aimed at combating the COVID-19 disease in the country. Ventilator is a vital equipment in the treatment of coronavirus patients. NASENI has equally produced mobile sprayers, which are to be used to disinfect Nigerian cities and homes. A notice by NASENI spokesman, Segun Ayeoyenikan, on Monday, disclosed that Minister of Science and Technology, Dr Ogbonnaya Onu, would unveil the devices on Tuesday (today). The Federal Government, through the Federal Ministry of…

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Beware! Fake chloroquine tablets now in circulation -NAFDAC

ByAgencies -April 7, 2020 The National Agency for Food and Drug Administration and Control, NAFDAC, yesterday, alerted Nigerians to be mindful of fake chloroquine phosphate 250mg tablets currently in circulation. In a statement by the Director-General of the agency, Prof Mojisola Adeyeye, said NAFDAC was notified by the World Health Organisation, WHO, of the circulation of the tablets in Cameroon. Adeyeye said: “The falsified chloroquine phosphate 250mg tablets were manufactured by Jiangsu pharmaceutical Inc, Astral pharmaceutical New Bhupalpura in China. “The tablets, manufactured by these companies, have no Active Pharmaceutical Ingredient,…

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2023 Presidency: ”Tinubu is a Nationalist, has more followers in the North than South” -Lagos Rep member boasts

opera.com The National leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has more followership in the northern part of Nigeria than in the south, a member of the House of Representatives, Hon. Mufutau Egberongbe, has argued. Egberongbe, in a chat this evening, said this is because the former governor of Lagos has, over time, proved himself worthy as a nationalist, whose main focus is uniting the country to meet the goals set by its founding fathers. “In the country, the way it is now, only few selfless people…

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No more payment of fuel subsidy in Nigeria -NNPC GMD

The era of fuel subsidy is gone forever in Nigeria, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said. Speaking on an Africa Independent Television (AIT) programme on Monday, Mr Kyari said, “There is no fuel subsidy anymore in Nigeria. It is zero subsidy forever.” Going forward, the oil chief said, “There would be no resort to either fuel subsidy or under-recovery of any nature. NNPC will play in the petroleum marketplace, just like another marketer in the space.” “But we will be there for the country…

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SARS operatives nab suspected killers of Funke Olakunrin, says Afenifere

The Yoruba socio-cultural organisation, Afenifere, yesterday said that the Special Anti-Robbery Squad (SARS) had arrested the suspected killers of Mrs. Funke Olakunrin, the daughter of Afenifere leader, Pa Reuben Fasoranti. Olakunrin, 58-year-old, was allegedly killed at Ore junction, Ondo State, by suspected herdsmen last year. Afenifere, in a statement signed by its National Publicity Secretary, Yinka Odumakin, said that the arrested suspected killers were four out of which three were from the northern part of the country. He added that the suspects had been helpful, as they have been giving…

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APC using Covid -19 Special Intervention Program to fleece the Country -PDP

The Peoples Democratic Party (PDP) yesterday alleged that the COVID-19 pandemic has further exposed Federal Government’s Social Intervention Programme (SIP) as a fraud. It claimed that rather than deploy the programme to benefit the Nigerian people, the SIP was being used to fleece the country. In a statement issued by its National Publicity Secretary, Kola Ologbondiyan, the party claimed that failure of the much-orchestrated COVID-19 social palliatives for Nigerians, contrary to claims by the APC-led administration, also validated allegations that the APC has been using ghost beneficiaries to siphon government’s…

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