The Federal Government has applied for a cumulative loan of about $7 billion to mitigate the effects of COVID-19 (coronavirus) pandemic.
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed who spoke at a press conference in Abuja on Monday also disclosed that about 506 trucks of rice seized by Nigerian Customs Service will be released to the Ministry of Humanitarian Affairs to distribute to vulnerable members of society.
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In addition, FG is withdrawing $1.5 billion from the Stabilization Fund of Nigeria Sovereign Wealth Fund to be shared among states.
Interest and capital repayment by states on CBN loans will be suspended once inflows into Federation Account drops below a particular threshold.
Members of the Ebonyi House of Assembly, yesterday, donated their April salaries to the state committee on anti- coronavirus as their contribution to the fight against the virus.
The Assembly is comprised of 24 -members. In a motion under matters of urgent public importance by the member representing Onicha East and Deputy Speaker, Odefa Obasi and seconded by the member representing Ezza South constituency, Chris Usulor, the House unanimously voted in support of the forfeiture of the April salary to the anti-coronavirus committee.
The lawmakers commended the state government for the steps taken to stop the virus from entering the state. It also passed into law a bill for a Law to combat and stop the spread of coronavirus and other infectious diseases in Ebonyi State and other matters connected thereto (HAB 05, 2020).
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