WEDNESDAY 3RD JUNE 2020

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N’Assembly Raises 2020 Budget Oil Price Benchmark to $28 Reduces production to 1.8mbd Okays FG's $5.53bn external loan request Deji Elumoye and Adedayo Akinwale in Abuja The National Assembly yesterday increased the oil price benchmark to $28 per barrel from the $25 proposed

by the executive in the revised Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) forwarded to the lawmakers for approval. The two chambers also reduced from 1.9 million to

1.8 million barrel per day oil production target proposed by the executive in the MTEF/ FSP documents. In addition, the lawmakers approved the $5.513 billion external loan request of the

executive to fund the budget deficit. Preparatory to the approvals at plenary yesterday in Abuja, the Senate had considered and adopted a report of Senator Olamilekan Adeola-led

Committee on Finance that worked on the revised MTEF/ FSP documents. Other critical parameters like the exchange rate of N360 to $1; 14.43 inflation rate; 4.42 GDP growth rate

were retained. Other proposals approved are N5.09 trillion FGN's revenue; N10.51 trillion proposed expenditure; N4.95 Continued on page 9

FG Gives Airlines Conditions for Flight Resumption... Page 8 Wednesday 3 June, 2020 Vol 25. No 9186. Price: N250

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FG Restricts Children from Churches, Mosques, Limits Service to One Hour Deploys Gene-Xpert machines in Kogi, Cross River Worship centres remain closed in Lagos, Kaduna 812 health workers infected with COVID-19 Nigeria resumes participation in WHO’s clinical trials Virus infects 241 more, bringing total to 10,819 with 314 deaths, 3,239 discharged Segun James, Martins Ifijeh in Lagos, Olawale Ajimotokan and Onyebuchi Ezigbo in Abuja Following the lifting of restrictions on places of worship, the federal government has issued a safety advisory, which among others, restricted children from churches and Islamiyya schools in mosques, as part of measures to contain the

spread of COVID-19 during regular religious services. The federal government has also asked governors to take charge of the enforcement of the protocols to contain the spread of the virus. In Lagos and Kaduna states, therefore, the governments have said places of worship would remain closed. The virus’ tally rose to 10,819 Continued on page 9

Obaseki Rules Out Defection,Vows to Contest on APC Platform

Adedayo Akinwale in Abuja

Edo State Governor, Mr. Godwin Obaseki, has foreclosed defecting to another party to pursue his second term ambition, notwithstanding the groundswell of opposition to his re-election bid by the National Chairman of the All Progressives Congress (APC), Mr. Adams Oshiomhole, and other chieftains from the state. Obaseki said yesterday

in Abuja that no matter the challenges, he would contest the forthcoming governorship election on the platform of APC. The governor added that “when the going gets tough, the tough get going,” explaining that “the war has become very tough,” but “men would be separated from the boys.” Continued on page 9

HOME SUPPORT... President, Africa Development Bank, Mr. Akinwumi Adesina (left), and Chief of Staff to the President, Prof. Ibrahim Gambari, during bank chief’s visit to the Presidential Villa, Abuja…yesterday godwin omoigui

Buhari Vows Nigeria's Unflinching Support for Adesina... Page 5


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WEDNESDAY 3RD JUNE 2020 by THISDAY Newspapers Ltd - Issuu