IMF Advises Nigeria to Slow Down on Tax Drive Nume Ekeghe The International Monetary Fund (IMF) has urged Nigeria to slow down on its aggressive tax drive due to the impact of the COVID-19 on businesses and households. The fund, however, told the
federal government to continue to push for policies that are supportive of its citizens, even as it commended the monetary policies initiatives that have been introduced by the Central Bank of Nigeria (CBN) to cushion the impact of the pandemic on the people.
The Director of the IMF’s African Department, Mr. Abebe Selassie, said this yesterday during a media briefing on the latest Regional Economic Outlook for Sub-Saharan Africa, held in Washington. Selassie said: “Nigeria is an oil exporting country; so,
the impact of the pandemic is being compounded by the sharp decline in oil prices. We are projecting that Gross Domestic Product (GDP) growth would contract around 5.4 per cent this year; so, it's a very significant hit to income. “It will be very important
to have very nimble policy response to ensure that the hit to the economy is not compounded by policy challenges. "This is not the time to be aggressively introducing new tax measures but there is a long-standing challenge
on the fiscal side of needing to have sufficient resources generated by the government from non-oil sources to provide investments in health, education, and infrastructure. So, there is that long-term Continued on page 9
CBN Seeks to Safeguard Consumers of Financial Products...Page 8 Tuesday 30 June, 2020 Vol 25. No 9213. Price: N250
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FG Lifts Ban on Interstate Travels, Opens Schools for Graduating Students Extends ease of lockdown by four weeks Churches, mosques, open bars, night clubs, spas, gyms remain closed Nationwide curfew stays COVID-19 cases rise by 566 to 25,133 with 9,402 discharged, 573 dead It’s suicidal to reopen schools now, ASUU warns Omololu Ogunmade, Olawale Ajimotokan in Abuja and Kemi Olaitan in Ibadan The federal government has approved what it called safe reopening of schools nationwide in phase two of the gradual easing of lockdown that was yesterday extended for another four weeks. But only graduating students in primary six, Junior Secondary School three (JSS 3)
and Senior Secondary School three (SSS 3) will resume. It has also lifted the ban on interstate travels with effect from tomorrow, provided such journeys are made outside the curfew hours of 10pm- 4am. The federal government has also approved domestic flights’ resumption as soon as practicable. However, it said given the Continued on page 9
INEC Vets Nominations for Edo Gov Election Today APC caretakers adopt six-point agenda to reposition party Chuks Okocha and Adedayo Akinwale in Abuja With the closure yesterday of the dedicated portal designed for political parties to submit the details of their candidates nominated for the Edo State
governorship election, the Independent National Electoral Commission (INEC) will vet the nominations today, THISDAY was told last night. This is coming as the
REPORTING PROGRESS...
L-R: Director-General, Nigeria Center for Disease Control (NCDC), Dr. Chikwe Ihekweazu; Minister of Health, Dr. Osagie Ehanire; Secretary to the Government of the Federation, Mr. Boss Mustapha; and President Muhammadu Buhari during the godwin omoigui Continued on page 9 Presidential Task Force on Covid-19’s briefing at the Presidential Villa, Abuja...yesterday
Brace Up to Defeat Bandits, Buratai Tells Soldiers... Page 5