Covid-19: Executive, National Assembly Deliberate On Incentives To Support Organised Private Sector

Covid-19: Executive, National Assembly Deliberate On Incentives To Support Organised Private Sector

26.3.2020

Covid-19: Executive, National Assembly Deliberate On Incentives To Support Organised Private Sector

Covid-19: Executive, National Assembly Deliberate On Incentives To Support Organised Private Sector

The Federal Government must think creatively and come up with ways of stabilising the Nigerian economy in the face of the negative economic impact of the Covid-19, the Speaker of the House of Representatives, Mr Femi Gbajabiamila has said. The Speaker said the House had on Tuesday passed the Emergency Economic Stimulus Bill, 2020 to complement the plans of the Executive arm. Gbajabiamila spoke at a meeting between the leadership of the National Assembly and some top government officials, including the Minister of Finance, Zainab Ahmed, the Minister of State for Petroleum, Timipre Sylva, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and other heads of agencies. The Speaker said: “You are all aware that the House of Reps, and hopefully it will be the National Assembly, passed the Emergency Economic Stimulus Bill, 2020, which in our opinion goes further to complement what the Executive is doing, in terms of addressing the needs of the common man. READ ALSO: COVID-19: Nigeria Records Five New Cases, Total Infections Now 51 “The tax rebate, the mortgage moratorium for three months and the reduction in duties on medical supplies that have to do with coronavirus, I’m sure Senate may reconvene at some point to pass this. Even though it is not law yet, it has come to the Senate, since some members of the Executive arm are here to have this signed quickly into law.” Gbajabiamila added that the “meeting is very timely and very important because we live in very unusual times, and it is time we start thinking outside the box to see how we can stabilise our economy and the direction it is going to take. Where the government needs to take a haircut or a hit, it most definitely will, these are the sacrifices that we need to make.” While welcoming stakeholders at the meeting to consider government interventions to cushion the negative economic impact of Covid-19 on the country’s economy, Senate President Ahmad Lawan said the meeting was necessary due to the difficult circumstances facing the country. He said both chambers had adjourned on Tuesday but agreed to reconvene at any time if there was an urgent need for that. Lawan said the meeting was to deliberate on the proposed review of the 2020 Budget in the wake of the Covid-19 pandemic. In her remarks, Minister of Finance, Zainab Ahmed, applauded the House for initiating and passing the Emergency Economic Stimulus Bill, 2020. She said: “The Federal Government is working on these measures to provide fiscal relief for taxpayers and key economic sectors, and I am happy with what the Speaker mentioned. “It seems we are working on the same path; we also have to look at incentives that employers can give to retain staff so that they don’t disengage staff and also to recruit new staff during this difficult time.” More on Headlines Read more: Channels Television

That's how mad they can b o Stop all the lies This na old pic, don't deceive us Old picture hope this is not a recent picture, the distance between the president MBuhari is too close

COVID-19: FG orders closure of Abuja, Lagos national stadia – Daily TrustThe Minister of Ministry of Youth and Sports Development, Mr. Sunday Dare, has directed...shutdown of all activities at four National Stadia Again😭 If to say something about it, to be frank we are late, better to take that decision from the day that Italian guy was confirm with it. Who day go there b4 ?

COVID-19: NECO postpones 2020 National Common Entrance Examination - Daily Post NigeriaThe National Examinations Council (NECO) has announced an indefinite postponement of the 2020 National Common Entrance Examination (NCEE) into Federal Like they have choice b4.

COVID-19: Badagry LG creates isolation centreThe Chairman, Badagry Local Government in Lagos State, Mr Olusegun Onilude, says the council has created an Emergency Isolation Centre...

COVID-19 spreads to Niger as one person tests positive – Daily TrustNiger State Government on Tuesday confirmed that one person has tested positive for the Coronavirus (COVID19) in the state, saying six other suspected cases are now in self-isolation. Fmohnigeria NCDCgov Fmohnigeria NCDCgov Na whu fear ghost go see ghost So me I no fear Fmohnigeria NCDCgov May Allah continued to protect us Fmohnigeria NCDCgov I don't understand, is it self isolation at their respective houses or at a government provided isolation centre because no one will be isolated not to see his family. My own opinion and understanding....

COVID-19: No pastor, prophet can cure Coronavirus - Pastor Giwa declares - Daily Post NigeriaThe Senior Pastor of Awaiting The Second Coming Of Jesus Christ Ministry, Adewale has declared that no pastor or prophet can cure the Coronavirus It a punishment from God No pastor cure before, healing come from God and he can use anyone for HIS miracle. Is it Pastors / prophets that have been curing sicknesses? I thought they are only vessels used by God

COVID-19: Ondo APC suspends party activitiesThe All Progressives Congress (APC) in Ondo State has suspended all major activities across the state till further notice.This was contained...



Behave yourselves or lockdown’ll be extended, minister warns Nigerians

[BREAKING] COVID-19: FG to evacuate Nigerians abroad

Chinese medical team to arrive in Nigeria soon — Health minister

Benue governor, Ortom gets COVID-19 test result – Daily Trust

Coronavirus: FG seeks NASS approval for N500bn intervention fund

BREAKING: 6 persons who tested positive for COVID-19 escape from isolation centre – Daily Trust

BREAKING: Missing Osun coronavirus patient found

Write Comment

Thank you for your comment.
Please try again later.

Latest News

News

26 March 2020, Thursday News

Previous news

Lagos residents storm markets, banks ahead of today’s market closure

Next news

Kidnappers Free Enyimba FC Star Dayo Ojo
BREAKING: Lagos may extend lockdown, says Sanwo-Olu COVID-19: Reps Seek Two-Month Free Power Supply To Nigerians Coronavirus: Fayemi names Fayose, Afe Babalola, others in resource mobilisation committee COVID-19: Resident Doctors Kick Against FG’s Plan To Invite Chinese Medical Experts BREAKING: Five New COVID-19 Cases Confirmed, Total Infections Now 214 We won’t release coronavirus corpses to families – FG Lebanese Community Donates Food Items, Other Essentials Worth Over N100m In Kano We Have Arrested Over 400 Vehicles For Flouting Lockdown Order – Sanwo-Olu Coronavirus infects 17 doctors, nurses in Egypt – Daily Trust 5G and COVID-19: The technology, conspiracy and ignorance Lockdown: Lagos govt to offset medical bills of pregnant women, patients on emergency - Sanwo-Olu Channels Television @channelstv
Behave yourselves or lockdown’ll be extended, minister warns Nigerians [BREAKING] COVID-19: FG to evacuate Nigerians abroad Chinese medical team to arrive in Nigeria soon — Health minister Benue governor, Ortom gets COVID-19 test result – Daily Trust Coronavirus: FG seeks NASS approval for N500bn intervention fund BREAKING: 6 persons who tested positive for COVID-19 escape from isolation centre – Daily Trust BREAKING: Missing Osun coronavirus patient found Channels Television @channelstv Some Nigerians are afraid of strong women –Tonto Dikeh I never had N30 billion – Davido Delta Killing: Police Accuse Slain Youth Of Flouting Army’s Order EXCLUSIVE: Lagos records first COVID-19 death as infected renal patient dies at LUTH