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Coronavirus

COVID-19: President imposes lockdown on Lagos, Ogun, FCT

President Muhammadu Buhari ordered the lockdown of three states (FCT, Lagos and Ogun) in a bid to control the spread of COVID-19.

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June 12 public holiday, COVID-19: President imposes lockdown on three states, Africa day 2020: Buhari urges economic groups, CSOs and private sectors to drive peace for economic development

In a nationwide broadcast on Sunday, President Muhammadu Buhari ordered the lockdown of Federal Capital Territory, Lagos and Ogun in a bid to control the spread of COVID-19. The lockdown, which took effect at 11 pm yesterday, will last for an initial period of 14 days.

According to the President, his decision was based on the advice of the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC). The decision of the President comes as the number of confirmed COVID-19 cases in the country increased to 111 as of 29th March, even as more prominent public officials tested positive for the disease.

Furthermore, the President noted that an initial intervention of N15 billion had been set aside to support the national response while a Presidential Task Force (PTF) had been inaugurated to develop a workable national response strategy that is being reviewed on a daily basis as the requirements change. The strategy is expected to align international best practices to the peculiarities of local circumstances.

The decision of the President did not come as a surprise to us considering the fast increase in the number of confirmed cases since the country confirmed its first case on 27 February. In our view, the fact that Lagos with 68 cases accounts for more than half (61%) of the total confirmed cases makes the decision for a total lockdown inevitable.

[READ MORE: Exchange Rate: CBN suspends sale of FX to BDCs)

Although we think the directive of the President will halt economic activities in the nation’s commercial hub with its attendant negative impact on GDP, we believe the gains associated with the prevention of a nationwide wide breakout outweigh the economic costs, more so that the nation’s health care system appears ill-equipped to deal with a widespread outbreak.

Startups groan losses due to COVID-19, may shutdown in months

Beyond the lockdown imposed on the states, it is pertinent that relief packages should be made available for poor households and the vulnerable members of the society whose source of livelihood will be cut short, being daily wage earners. More importantly, the government needs a well thought out strategy to identify this segment of the society in order to ensure that the palliatives reach the right people.

In our view, asides imposing a lockdown, the government needs to ensure full compliance and ensure adequate and efficient contact tracing. Finally, to effectively contain the spread of the virus and prevent a nationwide outbreak, we think the government needs to enhance healthcare capacity and improve facilities at the quarantine centres. We enjoin all our clients to continue to stay safe.

_______________________________________________________________________

CSL STOCKBROKERS LIMITED CSL Stockbrokers,

Member of the Nigerian Stock Exchange,

First City Plaza, 44 Marina,

bitcoin train

PO Box 9117,

Binance

Lagos State.

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Coronavirus

Update: Health Minister states side effects of COVID-19 vaccines

Dr. Osagie Ehanire has disclosed the side effect of the COVID-19 vaccines.

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Nigeria to vaccinate 20 million people against Covid-19. Chinese Engineering firm donates medical supplies to Nigeria

Minister of Health, Dr. Osagie Ehanire has stated the side effects of the COVID-19 vaccines, which he said is mild.

The minister disclosed this during the live broadcast when President Muhammadu Buhari took his vaccine shot on Saturday.

According to the Minister, the reactions are usually mild and only few people had complained of mild pain in the part of the body they got the shot.

READ: COVID-19: Moderna set to launch a new vaccine for virus strain found in South Africa

He said, “It is not everybody that complained of reactions/side effects but few had complained of mild pain at the part of the body they got the shot.

”Usually manufacturing vaccines take not less than 4 years but this only took about 1 year, which is the reason some people are apprehensive about the vaccines. This was manufactured in the United Kingdom and has been certified.”

READ: How to register for Covid-19 vaccination in Nigeria

Ehanire, explained that the jab is painless as a narrow gauge syringe was used with a small quantity injected in the upper arm.

He added that the after-effects are mild but accompanied by little discomfort in the area that was injected.

Present at the brief ceremony were the Secretary to the Government of the Federation (SGF) Mr Boss Mustapha; Minister of Information and Culture, Alhaji Lai Mohammed; the Chief of Staff to the President, Professor Ibrahim Gambari and other members of the Presidential Task Force (PTF) on COVID-19, senior government officials and journalists.

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Coronavirus

Update: President Buhari, VP Osinbajo get COVID-19 vaccine shots

President Buhari and VP Osinbajo have been vaccinated against COVID-19 on Saturday at the State House, Abuja.

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President Muhammadu Buhari and Vice President Yemi Osinbajo have been vaccinated against COVID-19 on Saturday at the State House, Abuja.

President Buhari and VP, who received his COVID-19 vaccine shot on Live TV broadcast, urged Nigerians to emulate him and do the same to curb the pandemic in the most populous black nation.

 

Both were administered their jabs, on Saturday morning, at the Banquet Hall of the presidential villa, Abuja at a ceremony broadcast live on national television.

Their inoculation followed their e-registration and filling out of their vaccination cards by the Executive Director of the National Primary Health Care Development Agency (NPHCDA), Faisal Shuaib.

Vaccination of Buhari was done by Chief Personal Physician to the President, Dr Suhayb Rafindadi.

Osinbajo was also vaccinated by his personal physician, Dr Nicholas Audifferen.

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