• Home
  • About Us
  • Contact
Monday, May 19, 2025
News On Spot
  • Home
  • News
    Olubunmi Tunji-Ojo-Public Holiday

    Workers’ Day: FG Declares May 1 Public Holiday…

    Osinachi

    Just In: Court Sentences Gospel Singer Osinachi’s Husband to Death by Hanging…

    Catholic Priest

    Kidnapped Catholic Priest In Kaduna Regains Freedom…

    Olubunmi Tunji Ojo/Public Holiday

    FG Declares Public Holidays For Easter Celebration…

    Abure

    Just In: Supreme Court Overturns Ruling on Abure’s LP Chairmanship…

    Nnamdi Kanu

    Nnamdi Kanu Confident of Bail, Expects Release by April 2025…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    AMVCA

    AMVCA 2025 Full List: Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor…

    BBNaija

    BBNaija Set For 10th Edition With Physical Auditions…

    Headies

    See Full List: Headies Winners: Zerry DL, Mohbad, Rema Win Big…

    Doris Ogah

    All Hail The New Queen! Doris Ogah Becomes 45th Miss Nigeria…

    Mercy Aigbe’

    Mercy Aigbe’s December Release, ‘Thin Line’ Makes ₦28.5 Million Since Its Release…

    Taaooma

    Video: Taaooma Welcomes First Child With Husband…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    Menopauses Diet

    11 Natural Healthy Remedies For Menopause Relief…

    GTCO Food and Drink Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours…

    Nigerian Passport

    See Full List of 45 Visa-Free Countries Nigerian Passport Can Travel To In 2024…

    Genevieve

    Nollywood Actor, Genevieve Nnaji Spotted Holidaying With Friends In Italy…

    Yourself

    Ten Ways To Take Care Of Yourself…

    Phone Charging

    Avoid These When Charging Your Phone To Prolong Its Lifespan…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Elon Musk

    Elon Musk Unveils New Name, Logo For Twitter…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • News
    Olubunmi Tunji-Ojo-Public Holiday

    Workers’ Day: FG Declares May 1 Public Holiday…

    Osinachi

    Just In: Court Sentences Gospel Singer Osinachi’s Husband to Death by Hanging…

    Catholic Priest

    Kidnapped Catholic Priest In Kaduna Regains Freedom…

    Olubunmi Tunji Ojo/Public Holiday

    FG Declares Public Holidays For Easter Celebration…

    Abure

    Just In: Supreme Court Overturns Ruling on Abure’s LP Chairmanship…

    Nnamdi Kanu

    Nnamdi Kanu Confident of Bail, Expects Release by April 2025…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    AMVCA

    AMVCA 2025 Full List: Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor…

    BBNaija

    BBNaija Set For 10th Edition With Physical Auditions…

    Headies

    See Full List: Headies Winners: Zerry DL, Mohbad, Rema Win Big…

    Doris Ogah

    All Hail The New Queen! Doris Ogah Becomes 45th Miss Nigeria…

    Mercy Aigbe’

    Mercy Aigbe’s December Release, ‘Thin Line’ Makes ₦28.5 Million Since Its Release…

    Taaooma

    Video: Taaooma Welcomes First Child With Husband…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    Menopauses Diet

    11 Natural Healthy Remedies For Menopause Relief…

    GTCO Food and Drink Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours…

    Nigerian Passport

    See Full List of 45 Visa-Free Countries Nigerian Passport Can Travel To In 2024…

    Genevieve

    Nollywood Actor, Genevieve Nnaji Spotted Holidaying With Friends In Italy…

    Yourself

    Ten Ways To Take Care Of Yourself…

    Phone Charging

    Avoid These When Charging Your Phone To Prolong Its Lifespan…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Elon Musk

    Elon Musk Unveils New Name, Logo For Twitter…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
News On Spot
No Result
View All Result
Home News

COVID-19: FG thinking of giving stipends to Nigerians, says Finance Minister…

newsonspotadmin by newsonspotadmin
March 28, 2020
in News
Reading Time: 2 mins read
0

Zainab Ahmed, the minister of finance, budget and national planning, says the federal government is considering giving out stipends to people whose jobs have been affected by the coronavirus outbreak.

Ahmed was speaking on Politics Today, a programme on Channels TV.

“We have a number of fiscal incentives that we have thought through and designed but we have to do a couple of engagements before we announce them because of our fragile fiscal situation,” she said.

“We don’t want to rush and make announcements of tax cuts or tax holidays without looking at the full picture of how it affects the federal government, states and how it affects businesses.

“The government is looking at the possibility of giving out stipends, increasing the stipends that it giving out to the category of Nigerians that are classified as poor and vulnerable.

“Also, we are looking at the category of citizens that have been affected by the nature of their jobs by this pandemic. For example, airports are closed so people who run taxi services at the airport will be at home with nothing to do. So we have to carefully identify the groups that will get these interventions. We are also not forgetting businesses.”

She said the government is still trying to determine the method of disbursing the funds and ensuring maximum impact given Nigeria’s large population.

However, the minister said the economy would enter a recession if the health crisis lasts up to six months.

“Are we broke, no we are not broke. Are we buoyant, we are not buoyant as well. We have resources to manage and we have been able to find new sources of funds to realise very quickly to keep the country stable,” she said.

“Fact is, we are going to struggle in terms of revenue. The federal and state government will be frantically looking for alternative sources of funding in the form of budget support.

“We are hopeful that this pandemic will be limited in time. If it is an average of three months, we should be able to close the year with positive growth. If it goes longer than that, six months, one year, we will go into a recession.”

She said the federal government is already talking with lenders to renegotiate repayment terms and “seek a stay of the debt service to preserve some of the revenue”.

Nigeria’s revenue has taken a hit after crude oil, its major source of income, witnessed a sharp price decline.

ShareTweetShare
Previous Post

Coronavirus: FCT distrupts wedding for ‘violating’ ban on public gathering…

Next Post

As its coronavirus cases exceeds that of China and Italy, US begs for medical professionals…

newsonspotadmin

newsonspotadmin

Related Posts

Olubunmi Tunji-Ojo-Public Holiday
News

Workers’ Day: FG Declares May 1 Public Holiday…

April 30, 2025
Osinachi
News

Just In: Court Sentences Gospel Singer Osinachi’s Husband to Death by Hanging…

April 28, 2025
Catholic Priest
News

Kidnapped Catholic Priest In Kaduna Regains Freedom…

April 25, 2025
Olubunmi Tunji Ojo/Public Holiday
News

FG Declares Public Holidays For Easter Celebration…

April 16, 2025
Abure
News

Just In: Supreme Court Overturns Ruling on Abure’s LP Chairmanship…

April 4, 2025
Nnamdi Kanu
News

Nnamdi Kanu Confident of Bail, Expects Release by April 2025…

April 3, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
ST Team

ST Team Hosts Maiden Business Banquet, Unveils AI-Driven Investment Vision…

February 3, 2025
Uber

Uber Driver Drops Passengers Off At The Airport, Returns Back To Rob Their Home…

September 27, 2022
Lagos State Governor-Sanwo-Olu

Lagos Govt Declares 4-day Public Holiday…

January 19, 2023
Airline

Another Anambra Billionaire Set To Unveil New Airline…

May 17, 2024

Bill Gates steps down from Microsoft board to focus on philanthropy

0

Overlooked No More: Ni Gusti Ayu Raka Rasmi, Balinese Dancer

0

Nigeria vs Sierra Leone, other AFCON 2019 qualifiers cancelled

0

Osinbajo‘s convoy involved in accident, VP loses police outrider

0
Accountant

Meet Oluwatiseyitan Alabi: 17-Year-Old Babcock Student Becomes Chartered Accountant Before Graduation…

May 19, 2025
Officer Celeste Ayala

Heroic Police Officer Promoted After Breastfeeding Starving Baby in Hospital…

May 19, 2025
Joe Biden

Joe Biden Diagnosed with Aggressive Prostate Cancer That Has Spread to His Bones…

May 19, 2025
Princess Opeyemi Bright

Princess Opeyemi Bright Becomes Youngest Mayor in UK History at 29, Celebrates Nigerian Roots…

May 18, 2025

Recent News

Accountant

Meet Oluwatiseyitan Alabi: 17-Year-Old Babcock Student Becomes Chartered Accountant Before Graduation…

May 19, 2025
Officer Celeste Ayala

Heroic Police Officer Promoted After Breastfeeding Starving Baby in Hospital…

May 19, 2025
Joe Biden

Joe Biden Diagnosed with Aggressive Prostate Cancer That Has Spread to His Bones…

May 19, 2025
Princess Opeyemi Bright

Princess Opeyemi Bright Becomes Youngest Mayor in UK History at 29, Celebrates Nigerian Roots…

May 18, 2025
News On Spot Logo

Browse by Category

Archives

  • Home
  • About Us
  • Contact

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Home
  • About Us
  • Contact
  • Entertainment
  • Politics
  • Business
  • Health
  • Sports
  • World
  • https://newsonspot.com.ng/2024/07/19/minimum-wage-list-of-key-agreements-reached-between-tinubu-and-organised-labour/
  • https://newsonspot.com.ng/2024/03/28/access-holdings-plc-reports-strong-fy2023-financial-performance-grows-pbt-by-335-earnings-to-n2-59-trillion/
  • https://newsonspot.com.ng/2024/04/03/stewardship-host-community-monarchs-laud-plant-directors-leadership-style/
  • https://newsonspot.com.ng/2024/03/10/npf-declares-mr-godwin-onyebuchi-okafor-wanted/