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WHO warns countries against rushing to lift coronavirus restrictions

The World Health Organization (WHO) has cautioned countries against rushing to lift quarantine restrictions too quickly.

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WHO warns countries against rushing to lift coronavirus restrictions

The World Health Organization (WHO) has cautioned countries against rushing to lift quarantine restrictions too quickly.

This is because doing so might result in a resurgence of Coronavirus cases, a situation that could have more severe and prolonged negative impacts on economies around the world.

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Tedros Adhanom Ghebreyesus, WHO’s Director-General, made  this known while giving his opening remark during a media briefing that was held with the International Monetary Fund (IMF). He said:

“Ultimately, the best way for countries to end restrictions and ease their economic effects is to attack the virus, with the aggressive and comprehensive package of measures that we have spoken about many times before: find, test, isolate and treat every case, and trace every contact. 

 “If countries rush to lift restrictions too quickly, the virus could resurge and the economic impact could be even more severe and prolonged.”

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(READ MORE: Coronavirus: WHO says Nigeria is among countries with highest cases)

The WHO boss further  advised countries to put in place more stringent measures that will ensure that the COVID-19 pandemic becomes a thing of the past. He stressed that saving lives is a prerequisite to economic recovery, because good health and the global economy are intertwined.

It should be noted that half of the world’s population is currently serving stay-at-home/ lockdown orders.

Measures’ advice: The WHO boss urged countries to provide debt relief fund for their  citizens to enable them cope with the lockdown. This also includes the removal of financial barriers, as well as provision of financial aid to the most vulnerable households. Ghebreyesus said:

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“If people delay or forego care because they can’t afford it, they not only harm themselves, they make the pandemic harder to control and put society at risk. Several countries are suspending user fees and providing free testing and care for COVID-19, regardless of a person’s insurance, citizenship, or residence status. 

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 “We encourage these measures. This is an unprecedented crisis, which demands an unprecedented response. Suspending user fees should be supported with measures to compensate providers for the loss of revenues. 

“Governments should also consider using cash transfers to the most vulnerable households to overcome barriers to access. This may be particularly important for refugees, internally displaced persons, migrants and the homeless.” 

(READ MORE: COVID 19: Facebook supports WHO, provides free Ads to combat Misinformation)

Other measures he recommended include ensuring that core public health measures are fully funded, in terms of case-finding, testing, contact tracing, collecting data, and communication and information campaigns.

He also urged countries to strengthen their health care systems by paying health care workers promptly and supplying essential medical supplies.

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Meanwhile, more than 1 million confirmed cases of COVID-19 have now been reported to WHO, including more than 50,000 deaths. The outbreak, which emerged in China a little over three months ago, has hit economies hard as cities shut down, putting people out of work. 

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

2 Comments

2 Comments

  1. Anonymous

    April 4, 2020 at 1:28 pm

    To hell with WHO u want kill us with 5G u said Corinavirus. Corinavirus na scam

  2. Abanikannda sikiru Alani

    April 4, 2020 at 1:33 pm

    Federal government should stop 5G and stop fool us with Corinavirus scam 5G is evil

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Business News

Global oil market to re-balance in 2 months’ time

In the meantime, OPEC+ wants to keep the existing production output cuts beyond the June expiry date as part of efforts to rebalance the market. Countries like Saudi Arabia, the United Arab Emirates (UAE) and Iraq, have all reaffirmed their commitment to this effect.

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Crude oil prices, bonny light

With the uncertainty that still prevails in the global oil market due to the prevailing coronavirus pandemic, analysts have been coming up with different forecasts on the future of the market. The latest forecast is that the market will most likely recover by July 2020.

Crude oil prices and oil demand plunged over the past few months as a result of the pandemic. However, with the lifting of global lockdowns and gradual reopening of global economies, oil prices are expected to rebound. Russia’s energy minister, Alexander Novak, said the global oil supply and the oil demand will most likely rebalance by July.

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In the meantime, OPEC+ wants to keep the existing production output cuts beyond the June expiry date as part of efforts to rebalance the market. Countries like Saudi Arabia, the United Arab Emirates (UAE) and Iraq, have all reaffirmed their commitment to this effect.

In his analysis earlier today, OPEC’s Secretary-General, Mohammed Barkindo, urged OPEC+ members not to flout the output cut. According to him, OPEC+ members must remain committed to production cuts despite signs that oil demand is beginning to recover.

(READ MORE: Oil price gains likely to halt over demand uncertainty, as US-China tension intensifies)

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Global oil market to rebalance in 2 months’ time

On its part, Russia had agreed to cut down its oil production to 8.5 million barrels of crude per day in May and June, down from 10.5 million barrels.  There is a possibility that the country could extend the current level of output cut beyond June, a situation that is expected to serve as a major boost in the rebalancing of the oil market.

Last week, the International Energy Agency (IEA) said that it had seen signs that the oil market would rebalance quicker than originally expected after the United States and OPEC implemented the agreed output cut. The development came as a big relief to Nigeria because the rebound of oil prices and the rebalancing forecast will help reduce the country’s fiscal pressure and boost its revenue.

Note that the Brent crude and Bonny light crude sold for about $36 per barrel and over $33 per barrel respectively. These are above the revised budget oil benchmark of $25 per barrel for the 2020 budget.

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Business

LIRS further extends deadline for filing annual tax returns by one month

“We constantly debated what other measures could be taken as an organization to support individuals and businesses at this time, hence, the additional one-month extension from June 1, to June 30, 2020.” – Ayodele Subair

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LIRS further extends deadline for filing annual return by one month

The Lagos State Internal Revenue Service (LIRS) has again extended the deadline for filing of Annual Tax Returns from May 31 2020 to June 30, 2020.

This is part of the state government’s effort to provide relief to taxpayers in light of the economic impact of the Covid-19 pandemic. With this development, annual returns for individuals, both employees and self-employed persons, can be filed anytime before June 30, 2020.

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In a press release signed by Monsurat Amasa, the head of LIRS’ Corporate Communications Department, the agency urged taxpayers to take advantage of the magnanimity of the government and file their returns. The LIRS’ Executive Chairman, Mr. Ayodele Subair, explained the extension thus:

“As the Lagos State Government keeps abreast of global best practices in containing the Covid-19 pandemic and eases the effects of an economic downturn on taxpayers and residents of the State, LIRS had initially extended the deadline for filing annual tax returns for two months, from the statutory March 31st of every fiscal year to May 31, 2020.  

“We constantly debated what other measures could be taken as an organization to support individuals and businesses at this time, hence, the additional one-month extension from June 1, to June 30, 2020.”

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(READ MORE: COVID-19: Lagos issues new guidelines, considers full reopening of economy)

He further explained that taxpayers can file the annual returns from the comfort of their homes and offices using the LIRS eTax platforms. They can also generate assessment and payment schedule, and other tax administration matters on the same platform. Updates on business operations and alternative payment platforms are to be found on the verified handles, and the LIRS website.

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Podcast: How Covid-19 has birthed a new, vibrant digital economy

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Does Nigeria have a debt problem?, EMM podcasts

Join Adetayo Adesola, Lawretta Egba and Emmanuel Abara as they dicuss what sectors and industries will succeed and fail in a covid-19 world.

Listen to more podcasts

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