Coronavirus: FG asks Senate to approve N500bn loan for intervention fund

Coronavirus: FG asks Senate to approve N500bn loan for intervention fund

- The federal government is seeking the Senate’s approval for N500bn loan to help contain the cases of coronavirus across the country

- The minister of finance budget and national planning, Zainab Ahmed, disclosed that the loan would be used to establish a N500bn COVID-19 crisis intervention fund

- Ahmed stated that the crisis intervention fund would partly be utilised to upgrade Nigerian healthcare facilities

The federal government is seeking the Senate’s approval for a N500bn loan to help contain the rising cases of coronavirus across the country.

The minister of finance budget and national planning, Zainab Ahmed, disclosed that the loan would be used to establish a N500 billion COVID-19 crisis intervention fund, Premium Times reports.

Coronavirus: FG seeks Senate’s approval for N500bn loan

Ahmed says the crisis intervention fund would partly be utilised to upgrade Nigerian healthcare facilities
Source: UGC

She made the disclosure during a meeting with the leadership of the National Assembly on Saturday, April 4.

The minister said the crisis intervention fund would also be used to upgrade Nigerian healthcare facilities.

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“The Federal Government also needs to be in a position to improve health care facilities not only in the states but to provide intervention to the states,” she said.

Meanwhile, the international community has rated Nigeria's emergency responses to the outbreak of coronavirus in the country.

The rating was given by the secretary-general of the United Nations (UN), Antonio Guterres on Friday, April 3, in New York during a press briefing.

Guterres mentioned Nigeria as one of the developing countries in the world that have demonstrated the capacity to respond to the global pandemic.

The UN chief said that he was especially impressed with the fact that Nigeria was able to put in place a hospital in a stadium compared to some developed nations who experienced a lot of difficulties in efforts to give similar responses.

In another report, as the COVID-19 pandemic bites harder across the globe with dreaded economic effects, the Ondo state governor, Oluwarotimi Akeredolu on Saturday, April 4, announced the appointment of a seven-man committee to, amongst others, raise and manage resources in cash, or in kind from individuals; group of individuals; private and public organizations; local and foreign donor agencies.

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The money is to be used to complement the efforts of the state government on the current war being waged against the spread of the disease in the state.

The governor, in a statement signed on his behalf by the state commissioner for Information, Donald Ojogo, announced the chairman of Greenwich Trust Limited, Kayode Falowo as chairman; while the Chief Executive Officer (CEO) of DeltaTek and DeltaAfriks Engineering and Oil and Gas Limited, Engr. Akinwumi Odumakinde will serve as deputy chairman.

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