₦airaland Forum

Esseite:
[left][/left]The news popped up on FP on dollar rise, which obviously might be just panic creation by the regulators because if you look at it objectively, it has no reason to rise.

Of what purpose are you using the dollar today?

- Plane tickets? - Airports shut

- Vacations? - Visas cancelled

- Foreign items except related to basic items? Borders shut

- Cars import? stay at home

- Supermarket items (foreign)? Basic food necessities are really not the foreign items.

- the world economy is at its lowest ebb aswell.

What really are you using the dollar for today that has warranted the panic rise?...

Let's discuss..

I'm using my dollars to buy gold!

India has announced a $22bn (£19bn) bailout for the country’s poor to help counter the economic effects of the Covid-19 outbreak.

“We don’t want anyone to remain hungry, and we don’t want anyone to remain without money in their hands,” finance minister Nirmala Sitharaman said.

The package, which includes free food and cash transfers, was for “those who need immediate help”, she said.

She also said health workers would get medical insurance of up to $66,500.

Correspondents point out that this amounts to just 1% of India's GDP - in stark contrast to the US and Singapore which are spending about 10% of their GDP on similar packages.

'I fear hunger may kill us before coronavirus'
Is India prepared for a coronavirus outbreak?
However, this could be just stage one, with similar packages set to be announced later, they added.

India’s economy was already in the midst of a severe slowdown before the country went into lockdown, shutting workplaces, factories and affecting millions of daily-wage and informal workers.

They form India's vast informal sector, which constitutes a large part of its workforce. The lockdown and social distancing have left many of them with no viable means of getting any income, and many have expressed fears that they could starve.

Growth had slumped to 4.7% last month - the slowest pace in years - as a steep drop in manufacturing affected overall economic health.

Barclays said the total shutdown cost to India would be around $120bn, or 4% of the country's GDP.

Ms Sitharaman, who is also the head of an economic task force announced by the prime minister, said that workers under an employment guarantee scheme would get a wage increment, and that recipients of other welfare schemes would also get benefits, like free gas cylinders instead of just subsidised ones.

https://www.bbc.co.uk/news/world-asia-india-52047263

made in china equipment....it no reach 1 million dollar

web cam runs......

Some workers of the National Hospital in Abuja have kicked against moves by the management to convert a ward at the facility to an isolation centre for coronavirus patients.

At least three senior doctors at the hospital have carried out an inspection of the male and female ward as they prepared to convert it into a treatment unit for COVID-19 patients, multiple sources told PREMIUM TIMES on Saturday.

“The chief medical director with some doctors at the infectious disease unit just mapped out the male and female medical ward for isolation,” a medical doctor at the hospital told PREMIUM TIMES.

The doctor said the ward should not be converted because of its proximity to the children’s ward.

“It is directly opposite the children’s ward and we are very afraid of the children could be put in danger,” the doctor said, speaking under anonymity to avoid being targeted for disclosing internal hospital arrangements.

“The ventilation here is very bad,” the doctor said.

Another doctor who also protested the moves, told PREMIUM TIMES that the management should have asked the NCDC to move COVID-19 patients to other isolated facilities across Abuja.

“We have a national stadium here, the Eagle Square and even the cancer centre that was suggested by Atiku the other day,” the doctor said. “They have started using a stadium in Lagos.”

The doctors said the “hasty and dangerous” decision may not be unconnected with the resources that were recently made available to the NCDC to combat the virus, although they heard it was because the facility in Gwagwalada that has been taken COVID-19 patients was nearly filled to capacity.

The doctors said they had not officially filed a complaint about the decision, but warned that the hospital could become mired in crisis if it was not rescinded forthwith.

A spokesperson for the hospital, Tayo Haastrup, did not return calls and emails seeking comment Saturday afternoon. Two doctors, said to be in support of the plan, Osi Ogbu and O.A. Falodun, also did not comment.

While Ms Ogbu said enquiries should be directed to her superiors, Mr Falodun said he was busy and could not speak on the matter.

Chikwe Ihekweazu, NCDC chief, did not return request for comments about the brewing dispute at the National Hospital.

Abuja currently has 14 of Nigeria’s 81 cases as of Saturday morning. The nation’s capital follows Lagos, which has 52, in the number of confirmed cases in Nigeria.

https://allafrica.com/stories/202003280219.html

The Gombe State Government has suspended payment of the N30,000 minimum wage following dwindling finances due to the effect of coronavirus pandemic on the economy.

Mr Manassah Jatau, the state Deputy Governor, said at a press briefing on Saturday in Gombe, that the decision was taken after consultation with the standing committee on minimum wage and relevant stakeholders.

According to him, the new minimum wage suspension is with effect from March 2020.

“The minimum wage increment and its consequential adjustments adopted by the state has been suspended until when the economy of the state improves.

“The Ministry of Finance is to review the 2020 budget to reflect the reduction in the price of oil in the international market and subsequent adoption of 30 dollars per barrel benchmark by the Federal Government.

“In view of the above, all salaries of political office holders and Permanent Secretaries will be reviewed accordingly as a sacrifice to the state”, the deputy governor said.

He said that the state revenue service would be strengthened to perform better with a view to reducing the state’s over reliance on Federal allocations.

Jatau added that the government would announce new austerity measures to further reduce financial leakage and enhance savings for execution of necessary capital projects.

Mr Mohammed Musa, the state Chairman, Nigeria Labour Congress (NLC) called on civil servants to remain calm and appreciate the current situation the state government had found itself.

“At the last federation allocation, Gombe State lost N800 million from its allocation due to the dwindling oil price at the international market,’’ he said.

The NLC chairman assured workers that the suspension is temporary, as full implementation of the minimum wage and payment of all arrears will commence when the state’s financial situation improves.

https://guardian.ng/news/gombe-government-suspends-n30000-minimum-wage-slashes-political-appointees-salaries/

They should not be paid until further notice.....senators also.

The 43 ministers in the federal cabinet have donated 50 per cent of their salaries for the month of March 2020 to support government’s efforts to combat the COVID-19 pandemic in the country.
In a statement issued in Abuja on Saturday, the Minister of Information and Culture, Alhaji Lai Mohammed, quoted the Minister of
State for Transportation, Senator Gbemisola Saraki, who coordinated the donation, as saying it was a gesture of solidarity and support for
the federal Government’s efforts to tackle the disease, which at the last count has infected 81 persons in the country.

”This global virus outbreak will require nations, continents and smaller communities to pull together to contribute their resources and
support one another. This will facilitate an early resolution of the problem,” Mohammed further quoted Senator Saraki as saying.

The ministers also commended President Muhammadu Buhari for his leadership role in addressing the COVID-19 pandemic in Nigeria.

https://www.thisdaylive.com/index.php/2020/03/28/ministers-donate-half-of-march-salaries-to-support-fight-against-covid-19/

shthole residence..

....but positive for HiV and incompetence,

crack head...

Follower....

Na wah.

.

Good news.....the shitte season is over!

Let them begin biko. ...

Failure...

Good...

Chidexter:
Is that why the government is trying to tax us out of existence?

One of the reasons....

sweetonugbu:
It has finished,there is danger ahead

Tax!!!!!

OruExpress:
This is good, but 1 million naira won't fix one of those buildings or support a victims family for long. Lets do more

Him go rent new store.....

Fresh stock.

atarapa:
Even bourdillon is flooded this morning.

Great news!

Terror?