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April 17, 2020 FG Plans Stimulus Package To Get Nigeria Out Of Global Recession
IFMNEWS

FG Plans Stimulus Package To Get Nigeria Out Of Global Recession

The Federal Government has said it is working out a stimulus package that will take the country’s economy out of global recession to positive growth in 2021.

 

The Minister of Finance, Budget and National Planning, ZAINAB AHMED, said this while fielding questions from Journalists in Abuja, following a meeting of the Economic Sustainability Committee presided over by Vice-President YEMI OSINBAJO.

 

AHMED stated that the global economy would go into recession in 2020 as a result of the coronavirus pandemic.

 

According to her, the prediction of the International Monetary Fund that Nigeria would go into a negative growth of 3.4 per cent next year is based on an assessment of the National Bureau of Statistics.

 

The minister, however, noted that the stimulus package being worked out by the economic sustainability committee would be approved by the President before it would be announced to Nigerians.

April 17, 2020 Nigeria records 35 New Cases of Covid-19; Totaling 442
IFMNEWS

Nigeria records 35 New Cases of Covid-19; Totaling 442

Nigeria has recorded Thirty-five new cases of COVID-19, bringing the country’s total infections to 442.

The NCDC confirmed this last night via a statement on Twitter.

According to the agency, of the 35 cases, 19 were found in Lagos, 9 in the FCT, 5 in Kano and 2 in Oyo state.

A total of 152 persons have, however, been discharged while 13 deaths have so far been recorded in the country.

April 17, 2020 FG: Evacuation of Nigerians abroad on hold due to lack of Isolation centres
IFMNEWS

FG: Evacuation of Nigerians abroad on hold due to lack of Isolation centres

Nigerians living abroad who have indicated interest to return home will have to wait for more time to join their families in the country.

This is because the country does not have enough isolation centres to accommodate them when they do return.

The Minister of Foreign Affairs, GEOFFREY ONYEAMA, disclosed this in Abuja while speaking at the daily briefing by the Presidential Task Force on COVID-19.

He said the planned evacuation of Nigerians from foreign countries will be staggered as the number of interested persons is high.

ONYEAMA noted that over 2,000 Nigerian nationals from United States, United Kingdom, China, United Arab Emirates and other countries had registered with various Nigerian embassies abroad to return home.

April 17, 2020 Federal Polythecnic Ilaro produces ventilator
IFMNEWS

Federal Polythecnic Ilaro produces ventilator

The Federal Polytechnic Ilaro in Ogun State has manufactured a ventilator using locally sourced materials.

Rector of the Institution, OLUSEGUN ALUKO, said it took the team seven days to produce the widely sought medical equipment.

He said, as the global demand for ventilator rises amid the coronavirus pandemic, he tasked a team of professionals including doctors and engineers in the institution to find a solution to the shortage of ventilators in the country.

According to him, after days of hard work, the team was able to design a functional ventilator with less than one million naira.

Describing how the equipment works, an electrical engineer and member of the team, OLOYEDE OLUKAYODE, said the system is an electro-mechanical device that uses electronic components because of its complexity.

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