Nigeria’s gross domestic product grew by 2.27% in 2019,data released by the National Bureau of Statistics has shown. The International Monetary Fund (IMF) had projected that the nation’s economy would grow by 2.1% in 2019. More to follow…
Preliminary clinical results in China show that Chloroquine Phosphate, used as anti-malarial, is quite effective in treating novel coronavirus pneumonia. The drug was banned in Nigeria 14 years ago. Several other antiviral drugs to treat the novel coronavirus outbreak in China that has claimed over 1,500 lives are under clinical trials and some have shown fairly good efficacy, a Chinese official said. Chinese researchers have narrowed down their focus to a few existing drugs, including Chloroquine Phosphate, Favipiravir and Remdesivir, after multiple rounds of screening, Zhang Xinmin, director of the China National Center for Biotechnology Development under the Ministry of Science and Technology, told reporters in Beijing. In vitro experiments have shown that Chloro...
The federal government has asked electricity distribution companies (DisCos) in the country to either show they have capacity or step aside for other investors. Sale Mamman, minister of power, gave the warning at the end of the federal executive council (FEC) meeting in Abuja on Wednesday. Mamman said the government cannot continue to subsidise electricity without “any positive outcome” in supply. The minister said the DisCos collect 3,000 megawatts (MW) and pay for only 1,000MW, while the government completes the payment. “Nigeria can generate up to 13,000 megawatts of electricity but we cannot transmit all. So today we presented to the council the solution to the problem of our generation. It is mainly distribution,” Mamman said. “We can generate 13,000 megawatt
The World Bank on Wednesday approved Nigeria’s digital identity ecosystem project along with five others, aimed at assisting the country to empower citizens, especially marginalised groups, to access welfare-enhancing services. The National Digital Identity Ecosystem Project is focused on enhancing the national Identity system’s legal and technical safeguards to protect personal data and privacy. The World Bank approved the six projects to support Nigeria’s development priorities focused on improving immunisation, providing an enabling business environment for private sector, expanding the digital economy to promote job creation and increasing capacity of public and private sector on governance, social and environmental safeguards. World Bank Country Director fo
Senate President, Dr. Ahmad Ibrahim Lawan, has expressed dismay over drop calls in Nigeria without end, saying that the situation would no longer be tolerated. Speaking at a one-day joint public hearing on “the increasing rate of drop calls and unwholesome practices by Telecommunications network operators in Nigeria”, the Senate President explained that drop calls has become a menace that should not be tolerated. Lawan, however, delivered his speech and issued a stern warning to Service providers to improve on their services. He lamented that Nigerians are at the receiving end of drop calls as deductions are effected without the actual service. “It’s our duty to protect Nigerians because they are at the receiving end even as service providers deduct money from their
There was Pandemonium in Kano on Tuesday as the operatives of the Department of State Security, DSS, went berserk against members of the Petroleum Tanker Drivers who are closing filling stations in protest. Already, reports indicate that several members of the Petroleum Tanker Drivers have been arrested in Kano for what the DSS termed illegal actions of closing of filling stations. An Operative of the DSS who doesn’t want his names in print said that they were able to open eight filling stations short down by the PTD member’s. He said, “We have arrested so many of them for closing down filling stations without justifications, This is because we cannot allow lawlessness in the State”. The Petroleum Tanker Drivers have commenced indefinite strike over what they
Mojisola Adeyeye, director-general of the National Agency for Food and Drug Administration and Control (NAFDAC), says Nigeria is at risk of the outbreak of COVID-19 better known as coronavirus. At a press conference in Abuja on Monday, she said drug insecurity exposes the country to danger, lamenting the effect of a country importing most of its pharmaceutical products. Nigeria imports at least 70 percent of its drugs annually from China and India. Such imports reportedly gulped $402.8 million in 2018. Speaking at the briefing on the upcoming African Medicine Quality Forum (AMQF) meeting in Abuja, Adeyeye said Nigeria should “start praying” because it is exposed to great risk following the outbreak in China. “Seventy percent of our drugs are imported and the a
The Federal Government Of Nigeria has given marketers of cooking gas to clear out illegal and roadside dealers within two months or face a clampdown on activities of retail outlets in the Federal Capital Territory, Abuja. The ultimatum was given by the Department of Petroleum Resources (DPR) at a forum where an agreement was reached with the Liquefied Petroleum Gas unit of the Nigerian Union of Petroleum and Natural Gas (NUPENG) on Friday. According to the DPR’s zonal operations controller, Buba Abubakar, the union is aware of the inherent dangers of not registering and the DPR is ready to look at their grievances objectively. He added that the retailers will not be given preference when it comes to giving suitable locations for their business around the FCT. “W
Britain will bring forward a ban on sales of new petrol and diesel vehicles to 2035, including hybrids, Prime Minister Boris Johnson was to announce on Tuesday. Johnson was to make the announcement at an event launching the 2019 United Nations Climate Change conference, COP26, which will be held in Glasgow in November. The changes bring forward the ban by five years — and now include hybrid vehicles. Britain has pledged to reduce greenhouse gas emissions to net zero by 2050, with a mixture of cuts and off-setting pollution measures such as planting trees. “Hosting COP26 is an important opportunity for the UK and nations across the globe to step up in the fight against climate change,” Johnson said. “As we set out our plans to hit our ambitious 2050 net
The Federal government, on Friday, formulated inter-ministerial and inter-sectoral preparedness and rapid response strategy against the Coronavirus epidemic. It also approved N71 million as preventive cost against possible outbreak of the virus and subsequently directed that operators of all ports of entry into the country be on alert and screen all passengers at the seaports, International Airports and land borders. Symptoms of the dreaded virus can range from a runny nose, cough, sore throat and fever, but can also escalate to pneumonia. DAILY POST learnt that the strategy was to enable all relevant ministries, agencies, institutions, organisations and development partners to move for quick intervention against any Coronavirus symptoms traced to any individual or g...