Follow Us on Google
• CBN to begin deductions of state support facility July ending
From Juliana Taiwo-Obalonye, Abuja
The National Economic Council (NEC) presided over by Vice President, Yemi Osinbajo, has raised alarm over increased positivity rate of COVID-19 in the country just as three cases of the virulent Delta variant has now been detected.
It has therefore called for strict adherence to the COVID-19 response guidelines across the country, ahead of next week Sallah festivities.
The decision followed a regular state performance report from the Nigeria Centre for Disease Control (NCDC) to the 118th meeting council attended by State governors, federal ministers, the Central Bank Governor and other senior government officials.
Governors had on Wednesday through the
Nigeria Governors’ Forum (NGF) said states will reintroduce measures for curbing the spread of the coronavirus to prevent a third wave of infections.
This was part of the resolutions reached by the governors after a meeting on Wednesday.
The decision was taken following a presentation by Babajide Sanwo-Olu, governor of Lagos, on the concerns about a third wave of infections in the state.
According to a statement by Vice President’s Spokesman, Laolu Akande, Council received the state performance report on COVID-19 from the Director-General of the Nigeria Centre for Disease Control (NCDC), Dr. Chikwe Ihekweazu, who noted that the Delta variant is a new variant identified in 103 countries and is 60% more transmissible than the highly infectious Alpha variant which was previously identified.
The DG said despite the low number of cases in the country, the positivity rate has gone up and Lagos State has a larger burden of 70%-80% cases in the country, having recorded an increase in number of cases in the last 10 weeks.
The NCDC therefore urged the Council to ensure the sustenance of effective COVID-19 response nationwide, while improving public health awareness, adherence to public health and social measures. The agency also called for the re-activation and sustained functioning of isolation centres as proactive preparatory measures towards tackling a possible third wave.
The Council was also briefed by the NEC Ad-hoc Committee interfacing with the Presidential Task Force (PTF) on COVID-19 to ease the lockdown of the economy.
According to Dr. Ifeanyi Okowa, Delta State Governor and Chairman of the Committee, with the emergence of the Delta variant in Lagos State, there has been an increase in monitoring activities at entry points across the country.
The Committee noted that State Governors will continue to monitor the situation for the next one week to see if there will be need for an emergency Ad-hoc committee meeting on the situation.
The Council also received an update on cholera cases in some parts of the country.
The Council also received and discussed the initial report of its Ad-Hoc Committee interfacing with the Nigeria National Petroleum Corporation (NNPC) on the complete deregulation of the downstream sub-sector of the industry, and appropriate pricing of Premium Motor Spirit (PMS).
“Observations and comments were made and it was resolved that an updated version will be submitted by the Committee inclusive of observations raised at today’s meeting and then an updated report be made to the National Economic Council (NEC) for further action.
“This resolution comes even as the Council noted that the Federal Government is working out modalities of providing Autogas conversion kits, and Compressed Natural Gas (CNG)/ Liquefied Petroleum Gas (LPG), mass transit buses to major cities nationwide as cheaper alternatives to PMS/petrol for transportation and fuel,” the statement read.
In the same vein, the Council received updates on the FG Budget Support Facility to States as the Minister of Finance, Budget and National Planning informed the Council that with the agreement reached on the matter with the CBN providing a bridge financing facility to the States, deductions from State Governments will now commence from July.
Regarding panels of enquiries in the States on EndSARS protests, Vice President Osinbajo noted that a number of States had submitted their reports and more reports are being awaited. He encouraged State governments to turn in the reports while noting that the panels are still sitting in some States.
According to the VP, the Council will have a full consideration on the reports from the States, make a compilation of the reports and review the implementation options.
So far, reports have been received from Ekiti, Enugu and Nasarawa while more reports are being awaited.
Osinbajo also encouraged the States that haven’t completed the panel’s work to send in interim reports.
In addition, the Council received a presentation on Flood Disaster Risk Management in Nigeria for 2021 by the Honourable Minister of Humanitarian Affairs, Disaster Management and Social Development, and the Director General, National Emergency Management Agency (NEMA).
It urged State Governments to take proactive and necessary mitigative measures in addressing the envisaged 2021 flood disaster in the midst of the COVID-19 Pandemic, while encouraging relevant Federal Ministries, Department and Agencies (MDAs) to take necessary actions.
Other highlights include the Minister of Finance, Budget and National Planning g update on the underlisted accounts as follows: EXCESS CRUDE ACCOUNT (ECA) Balance as at 13th July, 2021, $60,852,533.19. STABILIZATION ACCOUNT: Balance as at 13th July, 2021:, N26,346,419,015.43 and DEVELOPMENT OF NATURAL RESOURCES ACCOUNT Balance as at 13th July, 2021: N23,573,977,607.78
