THURSDAY 4TH JUNE 2020

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World Bank Urges Countries to Hasten Revival of Economies Discourages costly subsidy schemes OPS seeks measures to avert recession, job losses Ndubuisi Francis in Abuja, Dike Onwuamaeze and Nume Ekeghe in Lagos With COVID-19 inspired economic shutdowns dealing a severe blow to the global

economy, especially those of poorer countries, the World Bank Group has advised developing countries and the international community to take steps now to speed up recovery after the worst of the

health crisis is over to blunt long-term adverse effects. Also, following the alarm raised by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, that the global

economic was heading for recession, the leaders of the Organised Private Sector (OPS) have called for the speedy implementation of the economic stimulus packages and palliatives

measures announced for the private sector by the federal government and the Central Bank of Nigeria (CBN) in order to accelerate economic recovery and avert a recession and job losses.

The multilateral institution also noted that the scope and speed with which COVID-19 and the economic shutdowns have devastated Continued on page 8

DPR: Nigeria's Proven Gas Reserves Now 203.16tn Cubic Feet... Page 6 Thursday 4 June, 2020 Vol 25. No 9187. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

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& RE A S O

ENUGU 25°C-28°C

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KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

Obaseki Talks Tough, Tells Oshiomhole to Recuse Self from Edo APC Pry Six governorship aspirants submit nomination forms Ogiemwonyi explains collapse of consensus

Adedayo Akinwale in Abuja The altercation between Edo State Governor, Mr. Godwin Obaseki, and the National Chairman of the All Progressives Congress (APC), Mr. Adams Oshiomhole, over the party’s governorship primary in the state raged on yesterday with the governor pointedly asking his

predecessor to recuse himself from the June 22 process in the state. The governor, after submitting his expression of interest and nomination forms at the APC national secretariat in Abuja, also described as absurd an insinuation that he had purchased another Continued on page 8

FG Laments Ravaging Effect of COVID-19 on Revenues

348 fresh cases push total to 11,166 with 315 Dead WHO resumes Hydroxychloroquine clinical trials

Omololu Ogunmade in Abuja and Martins Ifijeh in Lagos The federal government yesterday lamented that COVID-19 has attacked all sources of Nigeria's revenues. Answering questions from State House correspondents after yesterday's Federal Executive Council meeting,

Minister of Information and Culture, Alhaji Lai Mohammed, said the disease had adversely affected global economy with $1 trillion lost in aviation industry alone. According to him, with the lockdown of Lagos, Ogun and Abuja for several weeks Continued on page 8

MINISTERS AT WORK... L–R: Minister of Aviation, Senator Hadi Sirika; Minister of State for Environment, Chief Sharon Ikeazor; and the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, at the Federal Executive Council meeting in Abuja… yesterday godwin omoigui

No More Deal with Katsina Bandits, Masari Vows... Page 5


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