How we’re going to Eradicate Recession Py First Quarter Of 2021 – Federal Government

The Federal Government on Monday explained some of the measures being adopted to help get the country out of its current economic recession.

Minister of Finance, Budget and National Planning, Zainab Ahmed, outlined these measures while speaking at the 26th Nigerian Economic Summit.

She said the Federal Government was fully aware of the current economic situation and was working round the clock to reverse the trend and restore the economy on the path of sustainable inclusive growth.

The minister said, “To achieve these the government developed a sustainability plan to cushion the effect of the COVID-19 pandemic and is already implementing policies aimed at stabilising the economy.

“These include taking action to stimulate the economy by preventing business collapse through ensuring liquidity; retain and create jobs through support to labour intensive sectors such as agriculture and direct labour interventions.

“Undertake growth-enhancing and job creating infrastructural investments in roads, rails, bridges, solar power, and communications technologies.”

Others, according to Ahmed include promoting manufacturing and local production at all levels and advocate the use of made in Nigeria goods and services, as a way of creating job opportunities.

She said achieving self-sufficiency in critical sectors of the economy and curbing unnecessary demand for foreign exchange which might put pressure on the exchange rate was also a measure being undertaken to restore the economy.

The finance minister further stated that the government was extending protection to the very poor and other vulnerable groups including women and persons living with disabilities through pro-poor spending.

“Although we are not yet out of the woods, given the adverse impact of COVID-19, we have to continue to implement the measures to get the economy back on track,” she said.

Ahmed further stated that since the inception of the economic summit 25 years ago, it had become one of the largest annual gatherings dedicated to finding solutions to the challenges facing the Nigerian economy and finding ways of achieving a prosperous and egalitarian society.

She said the engagement over the years had helped in shaping the policies of government, particularly in the power sector reforms, agricultural sector transformation, among others.

“Permit me to say that going forward, the Federal Government in partnership with NESG has been working together in implementing the National Development Plan and by extension the Regional and Global Development Agendas,” Ahmed said.

She added, “In order to ensure realisation of the continental and global aspirations, deliberate efforts have been put in place to effectively align the successor national plans being developed with these agendas.”


Buhari Blames Covid-19 As Cause Of Recession In Nigeria

He said this on Monday in Abuja, while declaring open the 26th Nigerian Economic Summit with the theme: “Building Partnerships for Resilience’’.

As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because of the severity of the global downturn caused by the COVID-19 pandemic.

The summit was organised jointly by the Nigerian Economic Summit Group (NESG) and the Ministry of Finance, Budget and National Planning.

Buhari, who was represented by Vice-President Yemi Osinbajo, said that the decline in the nation’s Gross Domestic Product (GDP) came after 12 successive quarters of positive growth.

He said the downturn caused by the pandemic included lockdowns, disruption in global supply chains, business failures and rising unemployment.

“We can all recall that during the lockdown, farming did not take place, businesses were closed; schools were closed as were hotels and restaurants.

“Also, airlines stopped flying, while inter-state commerce was disrupted.

“The economy only began to recover when these activities resumed and if we are able to sustain the nearly three percentage point increase from the second quarter decline of minus 6.1 per cent, the performance in the fourth quarter could take us into positive territory,’’ he said.

Buhari said that it was to mitigate such impact that the Federal Government introduced the Economic Sustainability Plan (ESP).

According to him, all the programmes in the ESP are reliant on the private sector playing a key role in creating and conserving jobs and the production and delivery of services in agriculture, housing, solar power and digital technologies.

He added that the speedy pathway out of the current recession was to quicken the implementation of the ESP.

“Of course, an improvement in global economic conditions, including the restoration of global supply chains and resumption of exports and remittances, should enable a V-shaped recovery.

“We expect, in the same spirit of partnership, that the private sector will complement these efforts by making maximum use of the provisions of the ESP and the Finance Bill when it is passed by the National Assembly and also by retaining and creating jobs so as to keep people at work.

“In a similar spirit of partnership, private sector enterprises should also pay their due taxes,’’ he added.

Speaking on the theme of the summit, he said that partnerships remained essential to attract the resources for building a solid national infrastructural base.

Buhari said that as was evident when the nation was combatting COVID-19, partnerships were essential and also necessary for framing medium and long-term development plans.

He added that the government had always emphasised that the private sector had a key role to play in the efforts to build a more resilient and competitive economy as expressed in the Economic Recovery and Growth Plan.

Buhari said that private companies in design, construction, logistics and finance were very much engaged in the nation’s infrastructural projects in power and rail as well as road and bridges.

“I am pleased to inform in this regard that we are working actively with the CBN, the Nigerian Sovereign Investment Authority and state governments under the auspices of the National Economic Council to design and put in place a N15 billion Infraco Fund, which will be independently managed.

“The Infraco Fund will help to close the national infrastructural gap and provide a firm basis for increasing national economic productivity and growth,’’ he said.

The Minister of Finance, Mrs Zainab Ahmed said that the current recession would be a short one, as government and key stakeholders were proactively working together to put in place sustainable measures to curtail and improve the situation.

She added that in spite of the recession, Nigeria had out-performed many economies in terms of economic growth.

Ahmed said that the Federal Government, in partnership with the NESG had been working together on the national implementation plans as well as the regional and local development plans.

“Since the inception of the NESG 25 years ago, it has become one of the largest annual gatherings dedicated to finding solutions to the challenges facing the Nigerian Economy.


United Natons: Nigeria Recorded 3,600 Rape Cases During Covid-19 Lockdown

The global body expressed concerns over the spate of Gender-Based Violence in the country.

The United Nations yesterday revealed that Nigeria recorded over 3,600 rape cases nationwide during the lockdown occasioned by the COVID-19 pandemic.

It also ranked Nigeria highest in drug use prevalence rate in the world with 14.3% as against 5.3% for the entire world.

The UN also said it was committed to continuing the cooperation with the Ministry of Women Affairs to strengthen the availability of data on violence against women and girls.

The Deputy Secretary-General of the UN, Amina Mohammed, stated this during the launch of the Violence Against Women and Girls Situation Room – Spotlight Initiative.

The programme which was jointly organised by the European Union, UN and Ministry of Women Affairs and Social Development allows decision-makers and programme managers to analyse and view GBV data in real-time.

Amina Mohammed said the joint EU-UN Spotlight Initiative aims to create a Nigeria where all women and girls, particularly those most vulnerable, live a life free from violence and harmful practices.

She said, “The need for this initiative has perhaps never been as evident as amid the COVID – 19 pandemic, which has affected the whole world including Nigeria. The Honourable Minister of Women Affairs, has stated that the number of rapes has increased by three times compared to the previous level. During the lockdown, each state in Nigeria has reported over 100 rape cases, equalling over 3,600 rape cases nationwide.

“This points to a shadow pandemic of violence against women and girls on top of the Coronavirus pandemic, and calls for all actors to come together and take urgent action to protect the rights of women and girls.

“One of the key priorities of the Spotlight Initiative is to enhance data availability and capacities. There has previously been paucity of data related to Violence Against Women and Girls, Sexual and Gender-Based Violence, Harmful Practices and Sexual and Reproductive Health and Rights.

“The main existing data sources are fragmented with poor coordination of the data collection process, often lack disaggregated data for vulnerable groups and disaggregation beyond state level, have small samples and are not widely disseminated.

“The National Violence Against Women and Girls Situation Room is an innovative data management and visualization platform which uses technology to enable government, decision-makers and program managers view and analyse data with ease.”

Also, the chairman, House of Representatives Committee on Women Affairs and Social Development, Otunba Adewunmi Onanuga, representing Ikenne/Sagamu/Remo/North, called for united action against gender-based violence in Nigeria.

The global world body yesterday also ranked Nigeria highest in drug use prevalence rate in the world with 14.3% as against 5.3% for the entire world.

UN National Programme Officer on Drugs and Crime, Mrs. Folusho Adelekan, made the disclosure at a one-day sensitisation workshop on Drug Abuse and Rape facilitated by the Senate and House of Representatives joint committee on Narcotic Drugs.

According to her, available statistics show that there are 14.4million drug users in Nigeria and 14 .3% prevalence rate which is higher than the global statistics of 5.3% drug use prevalence rate.

She lamented that though Nigeria has five years National Drug Control Master plan but not well funded operational wise.

Her words: “The National Drug Control Master Plan Nigeria came up with within the last two years, is not being funded adequately and the menace requires actions packed operational strategy that must be well funded.

“Aside lack of well funded operational plan there are no enough treatment or rehabilitation centres in the country for drug addicts.

“Even in the realm of prevention, enough actions are not being put in place in terms of education, sensitization and discipline at the home front”.

On her part, a Deputy Director from the National Agency for the Control of AIDS (NACA), Dr. Yinka Falola – Anoemuah, said the seriousness of actions applied in tackling the scourge of HIV/AIDs in the country, should be used in confronting the menace of Drugs abuse and rape in Nigeria.

She said: “Two million people are living with AIDS in Nigeria but being managed without much havoc in the country.

“Even at that, operational master plan has been put on ground to end AIDS in Nigeria by 2030, the way Polio was eliminated.

“Though Drug abuse is habitual and not disease like HIV/AIDS , but can still be frontally tackled operational master plan used to fight HIV/AIDS in the country to the barest minimum”.

Also speaking, Speaker of the House of Representatives, Hon. Femi Gbajabiamila, who was represented by the House Leader, Hon Hassan Doguwa, said the time has come to fight the menace right from the home front and in schools at both the primary and secondary levels.

According to him, most of the drug addicts in the country lacked the required discipline and decent upbringing at the home front.

“The very reason, curricular at the primary and secondary schools levels, need to be reviewed for inclusion of subjects against drug abuse and violence against women particularly rape.

“On our part as lawmakers, required legislative actions will be taken to repeal some of the obsolete laws and enact new ones for provision of appropriate penalties for offenders of both offences. Though capital punishment or death penalty may be considered too harsh for a convicted rapist but any other severe punishment must be put in place to deal with rapists in the land”, Gbajabiamila said.


Arsenal Midfielder, Elneny Tests Positive for COVID-19 On International Duty

Egypt midfielder Mohamed Elneny is self-isolating in Cairo after the Arsenal man tested positive for coronavirus while on international duty with the national team.

Elneny tested positive for COVID-19 following his arrival in Togo with Egypt and is now set to miss the Africa Cup of Nations Qualifier match against Les Éperviers on Tuesday. The Arsenal midfielder is now back to Cairo and is on self-isolation despite showing no symptoms.

The Egyptian Football Association and his agent confirmed the news28-year-old on Monday evening with the Gunners now in contact with the 28-year-old and the Egyptian FA before providing further updates.

“The results of the medical swabs conducted by the national team upon arrival in Togo showed negative all except for Arsenal player Mohamed Elneny, whose result appeared positive without any symptoms,” a statement from Egyptian FA read on Facebook.

“The player immediately began to implement the special medical protocol for people infected with Covid-19.”

“Elneny Positive Cov19 get well soon,” his agent Alan Nazmy posted.

Elneny’s case comes three days after his Egypt teammate and Liverpool forward Mohamed Salah tested positive for COVID-19 while on international duty.

Just In

NYSC: Five Corps Members Test Positive For Covid-19 In Abuja

Mrs Walida Isa, the Coordinator, National Youth Service Corps (NYSC), Federal Capital Territory (FCT), Abuja, on Monday disclosed that five prospective corps members have tested positive for COVID -19.

Isa made the disclosure at the swearing-in of the 2020 Batch `B’ Stream 1 corps members on Monday in Abuja.

The coordinator, who did not disclose their names, said that 853 corps members were registered after they were tested for the virus.

“The five that were positive were taken to the Nigeria Centre for Disease Control (NCDC) for treatment. So they are not among the number we registered,’’ she said.

The 2020 Batch `B’ Stream 1A orientation resumed camping on Nov. 10. One week was used to test the corps members on COVID-19 before registration.

The 2020 Batch `B’ Stream 1A orientation course started on Tuesday nationwide in strict compliance to COVID-19 protocols.

In her opening remarks, Hajiya Ramatu Aliyu, the Minister of State, called for support for the scheme to enable it to sustain its laudable programmes for the benefit of the country.

Aliyu was represented by the Acting Chairman, NYSC FCT Governing Board, Mr Kevin Ike.

The minister reiterated the administration`s readiness to continue to support the scheme for effective service delivery.

She also commended the scheme for promoting unity, integration as well as development in the education, health and agriculture sectors among others.


COVID-19: Presidential Task Force (PTF) Pleads With Nigerians Abroad To Suspend Christmas Trips

The National Coordinator of the task force, Dr Sani Aliyu, disclosed this during the weekly media briefing of the task force on Friday.

The Presidential Task Force (PTF) on COVID-19 has appealed to Nigerians abroad to suspend their plans of coming home for the Christmas festivities.

He stated that this was one of the safety measures to prevent the second wave spread of the virus in the country.

“We know that we are going into the Christmas period and we are looking at steps to minimize the number of people we see during this period.

“If you do not need to travel, remain in the country during the period.

“If you are outside the country, now is not the time to start coming in on holiday.

He added, “If you do have to come into the country on holiday, be aware that you have to do the mandatory seven days isolation and you have to be tested and confirmed to be negative.

“We will not be relaxing the rules simply because it is holiday season.“


Nigeria’s Main Priority Is COVID-19 Vaccine – Says VP Osinbajo

Osinbajo said this on Thursday, at the opening session of the virtual edition of the Paris Peace Forum.

Vice President, Yemi Osinbajo has said one of Nigeria’s main priorities presently is getting the COVID-19 vaccine.

According to him, this is a matter of utmost concern to the Buhari administration.

Osinbajo said: “The priorities of Nigeria in the post-COVID-19 era include improved healthcare and the economy.

“First, we need to keep the virus under control. While our guards are still firmly in place, getting the COVID-19 vaccine is a matter of utmost concern.”

He acknowledged the efforts of WHO and other international agencies working to ensure that COVID-19 vaccine delivery will be equitable across all countries, regardless of the priority of orders and ability to pay.

Osinbajo commended world leaders for their prompt response and cooperation in controlling the spread of Coronavirus.

“We call for debt relief for these countries, and the extension of the Debt Service Suspension Initiative (DSSI) until the end of 2021 as well as commercial debt relief where needed,” Osinbajo added.


Jubilation As Another Warehouse Containing COVID-19 Palliatives Invaded, Goods Carted Away- See Videos.

Residents of Ede, Osun State have discovered and broken into a warehouse containing COVID-19 Palliatives on Friday, October 23.

Reports have it that the warehouse which situated in Cocoa House to be precise was discovered and residents have carted away tons of foodstuffs.

Videos and photos of the incident is currently trending on Nigerian social media.

See videos below;



See Tall List of GH Celebs who are Slaying in Corona-virus Masks as Fashionistas on Social Media +Pics!

Fashion Trends change over time and 2020 has brought its own Fashion sense and drive due to the Covid-19 pandemic, many Celebs in trying to advocate the spread and dangers associated with the disease have worn masks to lead the voyage in edging fans and persons to protect themselves.

As this fashion spark hit the internet Ghana Celebs also joined in the Challenge and advocacy telling the world not even celebs are immune to the coivd-19 virus, Check out Celebs who slaying in Corona-virus Masks as new Fashion sense! See Pics Below!

Afia Schwar -No.1
No.2 -Shatta and Bulldog
Sarkodie -No.3
Medikal -No.4
No.5 – Efya
No.6 – Father Dickson
No.7 – Ken Osei Asante
No.8 – Sista Afia
No.9 – Tracy Sarkcess