WEDNESDAY 31TH MARCH 2021

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Barkindo Blames COVID-19 Uncertainties for 14% Drop in Oil Price NNPC, NCDMB, others sign share subscription deal on $670m Brass fertiliser Emmanuel Addeh in Abuja The organisation of Petroleum Exporting Countries (OPEC) Secretary-General, Dr. Sanusi Barkindo, yesterday attributed the persisting uncertainties

over the COVID-19 pandemic to the 14 per cent decline in oil price in recent weeks. Barkindo said at the 50th Meeting of OPEC's Joint Technical Committee (JTC) that although the last month

came with many positive developments, the decline in the price of the commodity from a high of $70 to the $60 territory was a reminder that the market still remained fragile.

He listed the positives to include the passage of more than $20 trillion worth of economic stimulus around the world, administration of approximately 550 million vaccinations worldwide and

upgrading of global growth forecasts by some central banks. He mentioned the recent revision of OPEC’s global GDP growth forecast to 5.1 per cent for 2021, compared

with the previous 4.8 per cent last month and the upgrade of world oil demand by 5.9 mb/d during the year as some other signs of recovery. Continued on page 10

AMCON Establishes New Airline to Recover Arik’s Debts... Page 8 Wednesday 31 March, 2021 Vol 26. No 9488. Price: N250

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Take Out Bandits, Kidnappers, Sponsors, President Orders Security Chiefs Says undesirable elements frustrating ban on Zamfara mining Deji Elumoye in Abuja President Muhammadu Buhari yesterday renewed his order

to security chiefs to take out bandits, kidnappers and their sponsors. The president also reiterated

the ban on mining and no-fly zone order on Zamfara State, accusing some "undesirable elements" of flouting the

prohibition. The National Security Adviser (NSA), Maj. Gen. Babagana Monguno (rtd),

told reporters yesterday at the end of the National Security Council meeting presided over by Buhari at the State

House, Abuja, that the meeting reviewed the nation's security Continued on page 10

Buhari’s Medical Trip Reinforces Need to Equip Nation’s Hospitals, Says Tomori FG budgets N2.25tn for health in six years Obinna Chima, Nume Ekeghe, Ebere Nwoji in Lagos and Onyebuchi Ezigbo in Abuja President Muhammadu Buhari’s medical trip to the United Kingdom has returned to the front burner the need for Nigerian hospitals to be equipped in line with global best practices, a foremost virologist and infectious disease expert, Prof. Olawale Tomori, and other health professionals have said. Their intervention comes as THISDAY’s investigation shows that the federal government budgeted N2.55 trillion for the health sector from 2015 to 2019. However, the figure is below the World Health Organisation (WHO)’s recommendation, which is nine per cent of the country’s N59.660 trillion for the six years, amounting to N5.4 trillion.

This is despite the Central Bank of Nigeria (CBN) and the private sector’s intervened in the country’s health sector by providing additional funds during the period under review. Buhari yesterday left Abuja for London for a routine medical check-up. He is due back in the country in the second week of April. Reacting to the frequent foreign medical trip of Nigerian political leaders, Tomori told THISDAY yesterday that the successful performance of the country's health sector would need trained professionals with reliable, dedicated, trustworthy and committed support. "It is also about infrastructural resources; facilities, equipment supplies, reliable electricity etc. You need both. Nigeria has Continued on page 10

APC Considers Extension of Membership Revalidation, Registration... Page 5

BUHARI GOES TO LONDON... President Muhammadu Buhari boards presidential plane, Nigerian Air Force One, en route to London from Abuja for medical check-up…yesterday


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