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May 15, 2020 Nigeria Hits 5000 Mark As It Records 193 New Cases of Covid-19

Nigeria Hits 5000 Mark As It Records 193 New Cases of Covid-19

Nigeria has crossed 5,000 marks of Coronavirus cases as it recorded 193 new infections yesterday.

It brings the total number of infections in the country to 5,162.

The Nigeria Centre for Disease Control confirmed the new figures in a tweet late yesterday.

According to the NCDC, 58 of the new cases were in Lagos, 46 were in Kano, 35 in Jigawa and 12 in Yobe, 7 in Ogun and 9 in the FCT.

Plateau and Gombe had 5 new cases each; 4 cases were recorded in Imo state while 3 new cases each were discovered in Edo, Kwara and Borno state.

The total number of active cases in the country now stands at 3,815 while 1,180 persons have been discharged.

The total number of COVID-19 fatalities recorded in the country increased to 167.

May 15, 2020 Atiku Faults FG’s Spending Plan Despite Economic Situation

Atiku Faults FG’s Spending Plan Despite Economic Situation

Former Vice-President, ATIKU ABUBAKAR, has renewed call on the federal government to reduce spending on some items within the executive as a way of mitigating the burden of the current realities on the country.

He also faulted the latest review of the 2020 budget by the Federal Government, saying it shows that the administration has lost touch with current global economic realities.

Rather than reviewing the budget, ATIKU advised the BUAHRI-led government to sell eight or nine of the presidential jets and cancel the N27bn earmarked for the renovation of the National Assembly complex.

ATIKU in a statement in Abuja, also expressed disappointment that despite the crash of oil prices in the international market and the nation’s inability to expand its revenue base, government only slashed the budget by a “mere 0.6 per cent.”

The former Vice President explained that significant cuts in funds budgeted for presidential feeding and transport will go a long way in ensuring that Nigerians get a better deal.

However, the Deputy Spokesman of the ruling APC, YEKINI NABENA described the statement from ATIKU as political.

May 14, 2020 CBN Moves to Support Research for Home-grown COVID-19 Vaccine

CBN Moves to Support Research for Home-grown COVID-19 Vaccine

The Central Bank of Nigeria (CBN) has said it is ready to support researchers, science-based institutions, and biotechnology firms with N100bn grant in the quest for a home-grown vaccine to combat COVID-19 in Nigeria.

CBN Governor, Godwin Emefiele announced this at the commissioning of ThisDay Dome Testing and Isolation Centre in Abuja.

He said the pandemic has had an unprecedented effect on the global economy, impacting all nations irrespective of size and capacity.

According to the CBN governor, so far, the Coalition Against COVID-19, has raised over N27billion to fund this initiative.

May 14, 2020 Federal Executive Council Approves Revised 2020 Budget

Federal Executive Council Approves Revised 2020 Budget

The Federal Executive Council (FEC) has approved the revised Medium Term Expenditure Framework and the 2020 budget.

The revised estimates are based on $25 per barrel of crude oil at a production rate of 1.94 million barrels per day.

The approval was given by the President at a virtual Federal Executive Council meeting at the Presidential Villa, Abuja.

Vice President, Yemi Osinbajo, seven ministers, the SGF and the new Chief of Staff to the President, Ibrahim Gambari attended the virtual FEC meeting occasioned by the coronavirus pandemic.

The Federal government suspended its regular meeting on March 18 as part of measures to curb the spread of COVID-19.

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