Zainab Ahmed says Nigeria is heading towards recession | 5 Things that Should Matter Today

Zainab Ahmed

Zainab Ahmed, Minister of Finance, has said that the coronavirus pandemic and falling oil prices are set to force Nigeria’s economy into recession. Zainab Ahmed made this known yesterday, while speaking to state house correspondents shortly after attending the National Economic Summit meeting in Abuja.

On the economy, COVID-19 has resulted in the collapse in oil prices. This will impact negatively, and the impact has already started showing on the federation’s revenues and on the foreign exchange earnings.

Net oil and gas revenue and influx to the federation account in the first quarter of 2020 amounted to N940.91billion.  This represented a shortfall of N125. 52billion or 31% of the prorated amount that is supposed to have been realized by the end of that first quarter.” Zainab Ahmed said.

NCDC confirms 339 new cases of coronavirus

Schools will reopen soon – Chukwuemeka Nwajiuba

Minister of State for Education, Chukwuemeka Nwajiuba, has disclosed that there are plans to soon reopen schools nationwide, however, it won’t happen in two weeks as being speculated in some quarters. Nwajiuba, made the clarification on Thursday during the daily briefing of the Presidential Task Force on COVID-19, following rumours making the round the federal government would reopen schools in the next two weeks.

13 more covid-19 patients discharged in Lagos 

Thirteen more COVID-19 patients have been discharged from different Isolation centers in Lagos state. This news was disclosed on Twitter by the Chief Press Secretary to the governor of Lagos state, Gbenga Akosile. The discharged patients, 9 males and 4 females, were discharged from the Onikan, Eti-Osa, Lekki, and Lagos University Teaching Hospital Isolation centers.

We love the poster for Kayode Kasum’s ‘This Lady Called Life’

 

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