Africa’s Finance Ministers Push for Foreign Debt Relief Nigeria's external borrowing now $27.67bn Ndubuisi Francis in Abuja and Obinna Chima in Lagos Ministers of Finance from Nigeria and other African countries have called for
debt relief from bilateral, multilateral and commercial partners, due to the ravaging impact of the COVID-19 pandemic, which has plunged the world into an economic
crisis. The request for debt relief formed part of the decisions arrived at during second virtual meeting of the ministers held on Tuesday against the
backdrop of rising COVID-19 cases in the continent. The meeting was hosted by the Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe,
and co-chaired by Ministers Tito Mboweni of South Africa and Ken Ofori-Atta of Ghana. A statement issued yesterday in Addis Ababa by the Communications Section
of ECA quoted the ministers as saying that the need for a longer period for debt relief is necessitated by the fact Continued on page 8
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COVID-19: Private Sector Relief Fund Nets N15.325bn as Cases Hit 174 FG issues guidelines, protocols on lockdown Lists measures taken to combat pandemic Moves to accredit more treatment centres Osinbajo wants more public enlightenment Presidency knocks Soyinka for faulting restrictions American evacuated after testing positive in Lagos Our Correspondents The total contribution to the Private Sector Coalition Against COVID-19 (CACOVID) set up by the Central Bank of Nigeria (CBN) to raise funds to combat the pandemic stood at N15.325 billion as at yesterday, a statement by the apex bank has said. This is just as data released yesterday by the Nigeria Centre for Disease Control
(NCDC) showed an upswing in the number of confirmed cases, which rose to 174 as 35 more people tested positive to the pandemic, the highest so far since the disease broke in Nigeria on February 27. Meanwhile, the federal government has also rolled out more measures to deal with COVID-19 and cushion the effects of the pandemic on Continued on page 8
FG Gives Discos Three Months to Improve Power Supply Emmanuel Addeh in Abuja The federal government has issued a three-month ultimatum to power Distribution Companies (Discos) to improve the quality of power supply to their customers or be sanctioned. The Minister of Power, Mr. Mamman Saleh, in a statement
yesterday in Abuja, said before the three-month delay on the take-off of the implementation of tariff measures, the Discos must be willing to supply meters, improve power supply and agree on what is the reasonable tariff for consumers. Continued on page 8
GAIN OF PANDEMIC... Vice President Yemi Osinbajo, SAN (left) chairs the National Economic Council Special Committee on COVID-19 via videoconference in Abuja...yesterday
Time-bound Cases Free of Lockdown, Malami Tells Judges...
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