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Coronavirus

COVID-19 Intervention Fund: CBN disburses N107.45 billion to successful beneficiaries

CBN has disbursed the total sum of N107.45 billion to beneficiaries from the N1.15 trillion COVID-19 Pandemic Intervention Funds.

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The  Central Bank of Nigeria (CBN) has disbursed the total sum of N107.45 billion to beneficiaries from the N1.15 trillion Covid-19 Pandemic Intervention Funds so far, according to data provided by the bank from the Monetary Policy Meeting for May 2020.

The Bank announced that under the N100 billion Healthcare Sector fund, N10.15 billion has been disbursed and approved for establishments of advanced diagnostics and Health Centres and expansion of Pharmaceutical plants for essentials drugs and intravenous fluids.

The Bank has also disbursed N93.2 billion under the Real Sector Support Fund to boost local manufacturing, which consists of 44 Greenfield and Brownfield projects.

Finally, the Bank has approved N10.9 billion to 14,331 beneficiaries under the N50 billion Targeted Credit Facility for Households and SMEs, out of which N4.1 billion has been disbursed to 5,868 successful beneficiaries.

READ MORE: Nigeria’s Fund Industry Remain Resilient Amid COVID-19 Concerns

The Central Bank Governor, Godwin Emefiele said the bank will also encourage Banks to offer and disburse the funds to the sectors that are priority to the economic to aggregate demand and create jobs.

The MPC meeting policy also expects a sharp decline in output growth in Q2 2020 and maybe the third quarter and expects the economy would reverse positive by fourth quarter if current stimulus initiatives are properly implemented.

 

8 Comments

8 Comments

  1. Osemwota fransica

    June 9, 2020 at 6:04 pm

    Disbushing to which state

  2. Oyedeji Mohammed

    June 10, 2020 at 8:27 am

    It is sad for more a month today i filled formQ to purchase a machine from China, it has not seen green light what an empowerment they are talking about total cost is $3964 after initial deposit was paid in January through a company bamidele oyedeji and coy

  3. Kayode

    June 20, 2020 at 8:59 am

    Central Bank of Nigeria through Nirsal Covid 19 loan Should look into those of us that have seen alert on NMFB account for two weeks now instead of our preferred and sent account number and still not seen the money which the Nirsal NMFB in ILORIN can not tell exactly where the money is after we have been forced to open an account with them ( Nirsal NMFB) with 10,000. We will want to know if the money have been re-diverted to another place or the government is not interested in assisting us again. This is the end of the second weekend. Thanks sir.

  4. Maisamari William Danmallam

    June 24, 2020 at 12:22 pm

    That iam a small scale farmer if assisted with this covid 19 palliative it will be great help

  5. Oche onyemowo

    July 5, 2020 at 9:22 am

    Can someone help me with the correct websites for the CBN loan please.

  6. Nura yakubu

    July 6, 2020 at 8:22 am

    Nura yakubu from nasarawa stater local government lafia area tudu kauri lafia

  7. Oriowo Olabisi

    July 6, 2020 at 12:05 pm

    How come one never hears about these monies until they’re done spending them??? Always foul play in Nigeria matters 😠😠😠😠

  8. A. OLASILE MOSES

    July 7, 2020 at 11:37 pm

    To the office of Centre Bank Governor; I had filled out the form from the office of NIRSAL/NMFB almost a month now but I couldn’t heard anything yet neither text message. I am using this medium to draw the attention of the appropriate authority in charge of the loan intervention fund to kindly look into the matter and provide a quick solutions in order for me to commence my farming project on time. Best Regard.

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Coronavirus

Covid-19: Governors to discuss distribution of vaccines today

Governors of the 36 states of the federation will today meet to discuss the sharing formula for the recently delivered Covid-19 vaccine.

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Oil Price Crash: Governors to meet on budgetary and economic issues

The Nigerian Governors Forum has announced that all 36 Governors will meet today to discuss the distribution of the recently arrived 3.9 million Covid-19 vaccines through the COVAX programme.

This was disclosed by the NGF in a statement issued in Abuja on Wednesday by Mr Abdulrazaque Bello-Barkindo, the Head, Media and Public Affairs of the NGF Secretariat.

The NGF disclosed that the meeting, which would be held virtually, will commence by 5 pm.

“The meeting is of a single-item agenda, which will discuss the delivery of the COVID-19 vaccines and their distribution in the country,” he said.

What you should know

  • Nairametrics reported on Monday that 3.94 million doses of the AstraZeneca/Oxford vaccine, manufactured by the Serum Institute of India arrived at the Nnamdi Azikiwe Airport.
  • The National Primary Health Care Development Agency (NPHCDA) also released guidelines on registering for Covid-19 vaccination in Nigeria.

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Coronavirus

COVID-19 Update in Nigeria

On the 3rd of March 2021, 464 new confirmed cases and 16 deaths were recorded in Nigeria

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Covid 19 update symptops

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 156,963 confirmed cases.

On the 3rd of March 2021, 464 new confirmed cases and 16 deaths were recorded in Nigeria.

To date, 156,963 cases have been confirmed, 135,831 cases have been discharged and 1,939 deaths have been recorded in 36 states and the Federal Capital Territory.

A total of 1.54 million tests have been carried out as of March 2nd, 2021 compared to 1.49 million tests a day earlier.

COVID-19 Case Updates- 3rd March 2021,

  • Total Number of Cases – 156,963
  • Total Number Discharged – 135,812
  • Total Deaths – 1,939
  • Total Tests Carried out – 1,544,008

According to the NCDC, the 479 new cases are reported from 22 states- Lagos (153), Enugu (75), Rivers (50), FCT (40), Kaduna (18), Ebonyi (17), Plateau (17), Edo (17), Borno (16), Oyo (12) Kano (11), Abia (10), Cross River (10), Taraba (9), Nasarawa (7), Bauchi (4), Bayelsa (3), Delta (3), Ekiti (2), Niger (2), Ogun (2) and Akwa Ibom (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 56,132, followed by Abuja (19,292), Plateau (8,916), Kaduna (8,600),  Oyo (6,752), Rivers (6,556), Edo (4,611), Ogun (4,411), Kano (3,790), Ondo (3,006), Kwara (2,931), Delta (2,582), Osun (2,439), Nasarawa (2,237), Enugu (2,078), Katsina (2,060), Gombe (2,056), Ebonyi (1,881), Anambra (1,726), Akwa Ibom (1,552), and Abia (1,552).

Imo State has recorded 1,528 cases, Borno (1,297), Bauchi (1,232), Benue (1,188), Niger (917), Ekiti (813), Taraba (813), Bayelsa (772), Sokoto (769), Adamawa (762), Jigawa (496), Kebbi (388), Cross River (334), Yobe (288), Zamfara (220), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.

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Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.

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On 26th January 2021, the Federal Government announced the extension of the guidelines of phase 3 of the eased lockdown by one month following the rising cases of the coronavirus disease in the country and the expiration of phase 3 of the eased lockdown.

On 28th February 2021, the federal government confirmed that the first tranche of Covid-19 vaccines will arrive in Nigeria on Tuesday, March 2nd, 2021.

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READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

 

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