Tag Archives: economy

Government To Ban Some Countries From Nigeria

Nigeria government has said it would not permit entry for citizens of some countries when it eventually lifts the ban on commercial international flights in order to ensure safety at Nigerian airports and the nation at large.

The Minister of Aviation , Hadi Sirika , disclosed this in Abuja while speaking at the briefing of the Presidential Task Force on COVID- 19 .

Sirika said that everyone is aware that so many countries had placed ban on flights from Nigeria and as such Nigeria will place ban on other countries that cannot come in here because everyone is trying to keep safe.

He added that this and many other reasons is what has been stopping the government from lifting ban for international flights. He said Nigeria will have to be cautious, study some more and liaise with all the stakeholders and decide when to open the air for international flights.

The minister said operators in the sector had wanted to fully open the airspace to local and international flights but safety must be given priority when making such decisions .

The Aviation Minister also stated that domestic flights at airports were being staggered in order not to allow crowding at the airports.

‘Solving Problem of Unreliable Power Supply Will Help Nigeria’s Covid-19 Recovery Plan’ – World Bank

The World Bank has admonished the that for Nigeria’s Covid-19 economic recovery plan to be effective, the country will have to solve its unreliable power supply problem that is causing huge economic losses , estimated at N10 . 1 tn , yearly.

The World Bank in a new report said described the power sector , particularly the distribution segment, as “ operationally inefficient with high losses ” .

It is said that Power sector recovery is critical for the Federal Government of Nigeria ’ s response to the COVID- 19 outbreak .

The report said the efforts to reduce the sizable public expenditures for tariff shortfalls would create critical fiscal space for the government to finance a pro – poor economic stimulus package to protect the poor and vulnerable from the crisis and to support the economy to recover .

It said during the recovery period , improving power sector performance would be central to unlocking economic growth, particularly in the non – oil sectors of manufacturing and services.

The World Bank report says the annual economic losses caused by Nigeria ’ s unreliable power supply have been estimated at N10 . 1 tn or about two per cent of GDP.

Also, according to the report , Nigeria ranks 131st with respect to the overall ease of doing business in the World Bank’ s Doing Business 2020 , with getting access to electricity ranked as one of the major constraints .

FG Okays School Resumption For Students Writing External Exams

Nigeria government has given directives for safe reopening of schools for graduating students who will be writing external examinations with immediate effect.

The Chairman of the Presidential Task Force on COVID- 19 , Boss Mustapha , disclosed this at the daily briefing of the task force in Abuja on Monday.

He said the reopening of schools was meant to allow pupils in graduating classes resume preparation for examinations .

Boss also disclosed that the latest developments were contained in the task force ’ s fifth interim report which was submitted to the President earlier in the day .

Explaining the partial reopening of schools , the PTF National Coordinator, Dr. Sani Aliyu said that for educational activities, all day care and primary schools are to remain closed until further evaluation .

He added that schools are encouraged to continue with e – learning and virtual teaching and that pupils may proceed to take the national common entrance ( examination) as soon as it is feasible, provided there is compliance with issued non – pharmaceutical interventions .

Aliyu also said that arrangements are required to be made for exiting graduating students in the JSS 3 and the SS 3 to resume at both boarding and day schools as soon as possible for intensive revision exercises.

He pointed that tertiary institutions and other classes of the secondary schools are to remain closed.

FG Submits Detailed Plan For Schools Reopening To National Assembly

Proposed plan to reopen schools have been presented to the National Assembly by the Federal Ministry of Education.

The Minister of State for Education, Mr Chukwuemeka Nwajiuba , stated this when he appeared before the Senate Committee on Basic and Secondary Education.

He said he was in the upper chamber to brief the federal lawmakers about his ministry ’ s plans for pupils who had been forced to stay at home following the outbreak of the COVID- 19 pandemic .

Nwajiuba refused to give details of the proposal , saying some people would misconstrue it as the ministry ’ s guidelines for schools reopening .

He said children are asymptomatic carriers and that no can prove whether they can infect each others, not even the health experts.

The Minister however expressed concern over the decision of the Oyo State Government to reopen its primary and secondary schools despite the current rising cases of coronavirus infection in the state.

Picture Story: Eleven Things To Note About Nigeria Economic Sustainability Plan (ESP) For Post-Covid 19

Recall that On June 11, President Muhammadu Buhari received the report of the Economic Sustainability Committee (ESC) headed by Vice President Yemi Osinbajo and described the report as a `National Plan’, which is a road map to follow in order to bounce back from the mess caused by Covid-19 pandemic. Below are the some things to note about the report in pictures.

1. Self Reliance

2. Job Creation

3. Mass Agricultural Programme

4. Infrastructural development

5. Mass Housing Programme

6. Power Supply

7. Supports for local products

8. Support for informal sector

9. Support for MSMEs

10. Broadband Connectivity.

11. Expansion of Social Investment Programmes

What do you think about the plan?

Please, drop your comments.

« Older Entries