Thursday, April 22, 2021
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Thursday, April 22, 2021

Governors to partner PTF for full reopening of economy

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Governors of the 36 states are pushing for the full reopening of the Nigerian economy, agreeing to work with the Presidential Task Force on COVID-19, to achieve it soon.

 This was part of the decisions of the National Economic Council meeting, which was held on Thursday.

 The virtual meeting was chaired by Vice-President Yemi Osinbajo from the Presidential Villa, Abuja.

 The governors resolved to set up a NEC committee to sit with the PTF and work out the modalities for reopening the economy.

 According to the Governor of Jigawa State, Mr Mohammed Badaru-Abubakar, who addressed State House correspondents on the outcome of the NEC meeting, the committee is chaired by the Governor of Delta State, Mr Ifeanyi Okowa.

 Six other governors, those of Ekiti (Kayode Fayemi); Lagos (Babajide Sanwo-Olu); Anambra (Willie Obiano); Kano (Abdullahi Ganduje); Bauchi (Adamu Mohammed); and Plateau (Simon Lalong), are members. The Minister of the Federal Capital Territory, Mr Mohammed Bello, is also a member.

 “On COVID-19, Council set up a NEC committee to work with PTF to work out the modalities for the reopening of the national economy.

 “The committee is composed of governors of Ekiti, Lagos, Anambra, Kano, Bauchi, Plateau and FCT minister as members. Delta State Governor, Ifeanyi Okowa, chairs the committee,” he stated.

 This came as the Federal Government said a $1.5bn World Bank stimulus package secured for the states as part of measures to cushion the effects of COVID-19, would have been disbursed to them by September.

 The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who spoke on the package, said states would receive between N150bn and N200bn.

She stated that the bank, which had said that the impact of COVID -19, could push the economy into another recession, earlier rolled out a N500bn support  to the Federal Government to help in stabilising the economy.

The minister added, “The World Bank package has also got a proposal of $1.5bn for the states and this package will be dedicated to the states.  And it will be a programme for results which the states are already used to implementing.

“So, the immediate fiscal relief for the states will include the acceleration of an existing programme to enable disbursement by end of September.  So, the proposed $1.5bn plan would have been disbursed to the states by the end of September.

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