A woman wearing a face mask walks nearby the Central Mosque in Lagos, Nigeria, Friday, March 20, 2020. The government banned all religious activities for four weeks following confirmation of coronavirus cases in the country. (AP Photo/Sunday Alamba)
FeaturedHighlight

COVID-19: FG Releases N10bn To Lagos, N1bn To Pharmaceutical Companies

174

 

In a bold move to combat COVID-19 scourge, the Federal Government says it will release N10 billion to the Lagos State Government and another N1 billion grant to some pharmaceutical companies in the country.

The Senate President, Dr Ahmad Lawan and the Speaker of the House of Representatives, Mr Femi Gbajabiamila, said the interventions were part of government’s package to assist Lagos State and the companies in the fight against the pandemic.

Persecondnews reports that he duo had led principal officers of both chambers of the National Assembly to a meeting with ministers and heads of Ministries, Department and Agencies (MDAs) in Abuja.

All attendees were compliant with the World Health Organization’s preventive guidelines, using coronavirus kits and observing the social distancing.

 

During the four-hour long meeting, a review of the 2020 budget and Medium Term Expenditure Framework and Fiscal Strategy Paper passed late last year by the National Assembly was discussed.

Lawan, in his opening remarks, said the interaction was necessary following the spiral effect of the global coronavirus on the nation’s economy.

“Here, we will be talking of revenues that we estimated to fund the budget 2020.

“The impact of COVID-19 is well known to all of us in terms of health and the economy.

“Because the oil price has gone so low due to the impact of COVID-19, the Minister of State should be able to tell us where we will be in the next six months or so,’’ he said.

Stressing that as a nation we should have concepts that can deliver fast and are sustainable, the Senate President said: “Anything that we do that cannot provide succour and relief to our people will lead to catastrophe.

Leave a comment

Related Articles

N5bn Intervention Palliative Impacting Lives Of Residents, says Akinmade

The N5 billion Ogun State Intervention Palliative meant to cushion the impact...

Defence Headquarters releases identities of Army commander, three other officers, 13 soldiers murdered in Delta

The Defence Headquarters (DHQ) has revealed the identities of the Nigerian Army...

Gunmen storm palace, abduct, kill traditional ruler in Bauchi

Gunmen suspected to be kidnappers have kidnapped and killed the traditional ruler...

Release data of Nigerian users to EFCC, court orders Binance

A Federal High Court in Abuja has ordered the cryptocurrency trading platform,...

Child, maternal mortality: Rotary International donates $2m to Nigeria

In a bid to tackle the pressing issue of child and maternal...

Nollywood veteran actor Amaechi Muonagor appeals for support amid health challenges

Nollywood icon Ameachi Muonagor has reached out to the public, pleading for...

FG approves N12.7bln for mass metering of army barracks nationwide

The Federal Government says it has released N12.7 billion to provide electricity...

Heirs Holdings tells story of transformational investment in Africa, launches its first-ever TV commercial

Heirs Holdings has launched its first-ever television commercial (TVC), showcasing the company’s...

Internet disruption: FG plans talks with Ghana, others to protect undersea cables

Following the damage to the undersea cables last week, the federal government...

Sports Minister advocates Nigeria’s hosting of the Commonwealth Games in 2030

Nigeria’s Minister of Sports Development, Sen. John Enoh, has called for the...

The States And The Blackout Nation

Many Nigerians believe that restructuring the country or devolving powers from the...

NDLEA Nab Hairstylist, Dispatch Rider For Allegedly Selling Drug-Laced Chin-Chin To Students, At Parties

The National Drug Law Enforcement Agency (NDLEA) has detained a 20-year-old hair...

Delta military killings: ‘Cowardly’ perpetrators won’t go unpunished, says Tinubu

President Bola Tinubu has condemned the killings of some Army officers and...

Editor of FirstNews, online platform, abducted from Lagos home by gunmen in military uniforms

Segun Olatunji, the Editor of FirstNews and the former Chief of the...

Ogun Govt. begins distribution of food items

In order to cushion the effect of the current economic hardship in...

How K1 maltreated, seized my international passports—former drummer Kunle Ayanlowo

Former drummer Kunle Ayanlowo has come forward with troubling allegations of maltreatment...

Senate disowns report on exposing fraud in refineries’ rehabilitation

The Senate has dismissed media reports credited to it that it will...

Champions League Q/F: Arsenal face tough test against Bayern Munich, Manchester City play Real Madrid

The 2023–2024 UEFA Champions League quarter-finals draw has just been concluded at...

Ex-Rep. Oyebamiji bags 16-month prison sentence

A former member of the House of Representatives, Folaranmi Oyebamiji, was sentenced...