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COVID-19: Scientists to Check Madagascar Herbal Remedy-Buhari

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By Mathew Dadiya, Abuja

President Muhammadu has said the use of the much discussed Madagascar herbal remedy for treatment of COVID-19 patients in the country would be based purely on the findings of the nation’s scientists.

He said this process was necessary to ensure efficacy of any herbal remedy for the treatment of the disease.

Expectations were, however, high that Nigeria would adopt the Madagascar remedy for the country as cases continue to increase daily.

Buhari spoke in Abuja at the weekend, during a meeting with President of Guinea Bissau, Umaro Sissoco Embalo, who brought along with him the samples of the traditional medicine as shared to African nations by Madagascar.

The President said that his position on all such herbal or traditional medicinal postulates had remained consistent with the nation’s established scientific processes.

“We have our institutions, systems and processes in the country. Any such formulations should be sent to them for verification. I will not put it to use without the endorsement of our institutions,” said the Nigerian President.

On the main reason for his visit, President Embalo said having stabilized his country after the tussles that attended the general elections won by him, he had come to seek counsel from his “father,” President Buhari on his plan for a “government of national unity” and a proposed war against corruption in his country.

He also said that his new government met a country beset with a number of issues and problems, the resolution of which would require tremendous assistance from the “big brother,” Nigeria.

“Problems of Guinea Bissau are problems of Nigeria. I have come to you as your son. I need your help and assistance to make the people happy. I will not let you down, neither will I put you in any difficult situation,” the visiting leader told President Buhari.

In response to these demands, the Nigerian leader commended “General“ Embalo on his confirmation as President and for stabilizing the country. “I commend your political dexterity in getting the opposition to join the proposed unity government,” he said.

President Buhari restated the determination of Nigeria to keep West Africa politically stable and promised to support the new government in Guinea Bissau. “I will cooperate and help in every way possible,” assured the Nigerian President.

President Buhari also used the opportunity of the visit to commend the good work that the President of Niger Republic, Mahamadou Issoufou, the current Chairman of the Economic Community of West African States (ECOWAS) was doing in the sub-region, especially  for keeping him informed of all developments.

 

NCDC Decries Poor Use of Cloth Mask

Meanwhile, the Nigeria Centre for Disease Control (NCDC) at the weekend said 176 new cases of COVID-19 was recorded, brings the number of infections in the country to 5,621.

NCDC also said that five new patients have been confirmed dead in the country, also bringing the total number of deaths to 176.

The 176 new cases, according to NCDC, came from 14 states:  Lagos (95), Oyo (31), FCT (11), Niger (8),Borno (8), Jigawa (6), Kaduna (4), Anambra (3), Edo (2), Rivers (2), Nasarawa (2), Bauchi (2), Benue  (1), Zamfara (1).

The NCDC noted that no new state reported a case in the last 24 hours.

The health agency said that as at May 16, 5621 cases have been confirmed with 3973 Active Cases, 1472 discharged cases and 176 deaths in 34 states and the Federal Capital Territory.

NCDC raised the alarm that cloth masks could facilitate the spread of the disease if not handled.

Highlighting the merit and demerit of cloth face masks, NCDC said they were only convenient substitute to medical face masks for the current global situation.

It said, however, that it should not be worn by individuals who were at a high risk for complications.

According to the Centre, health care workers, people caring for the sick, experiencing respiratory symptoms like coughing and sneezing, with chronic medical conditions and the elderly should wear medical face masks.

“To protect yourselves and loved ones from COVID-19, cloth face masks must be worn in combination with, avoiding large gatherings, physical distancing by maintaining a distance of two metres between yourself and others.

“Regular hand washing with soap under running water. Frequent cleaning of surfaces with soap and water or disinfectants.

“Please adhere to the following guidelines for the use of cloth face masks, make sure the mask has been washed and is unused before first wear.

“Wash your hands with soap under running water before touching the mask. If water is not available, use a hand sanitiser.

“Cover your nose and mouth completely with the mask making sure it fits snuggly with no open gaps.

”Avoid touching or adjusting the mask while it is on. Wash or sanitise your hands before removing the mask by the straps.

“Wash the mask immediately with soap or detergent and allow to dry completely in the sun.Before re-use, iron the mask,” it advised.

 Kano Records Two More Deaths

Meanwhile, Kano State has recorded another two more deaths from coronavirus, bringing the total deaths in the state to 35, the state ministry of health stated this yesterday.

The Ministry on its Twitter handle, also said three more persons recovered from the disease and were discharged, bringing the total number recoveries to 93 in the state.

The NCDC also announced an additional five deaths across the country. However, it did not mention the state(s) where the deaths occurred. The statement from the Kano health ministry shows two of the deaths occurred in the state.

Confirmed cases, according to the state ministry, had risen to 761, second to that of Lagos.

Consequently, the ministry said the lockdown was still in place even as the as the state Governor, had announced ease of the lockdown on Mondays and Thursdays to enable residents to shop for Ramadan food items. He said only vegetables markets and abattoir are allowed to open during that period.

Keyamo Frowns at Criticism Trailing Madagascar Cure

Minister of State for Labour and Employment, Festus Keyamo, has reacted to the criticism trailing the COVID-19 cure produced by Madagascar.

Keyamo, on his Twitter page, wondered if the criticism was because the cure was developed in Africa.

“I really don’t know why there’s so much fuss about the Madagascar recipe. Why heavily criticize what a country has discovered to make people recover NOW from the illness, whilst we continue to wait for the almighty vaccine from the @WHO? Or is it because it is an African country?

“Put in another way, why can’t we make do with what we have now, until we get what the world is waiting for?”

Let’s Unite Against COVID-19 – Bode George

Former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Olabode George, has called for the unity of all Nigerians against COVID-19 pandemic.

George, in a statement yesterday in Lagos, said it was through unity of purpose and collective efforts of all citizens that the virus could be defeated.

He said that using the pandemic to play unnecessary partisan politics or stoke sectarian animosity would not do the nation any good at this trying period.

George said that the pandemic was about the survival of the nation, urging leaders and citizens to embrace a new nationalistic front to tackle the problem.

“We must never reduce this obvious national challenge to partisan feud. This is beyond section triumphalism or sectarian animosity.

“It is about the collective survival of our nation. Let us act by coming together, by discarding old divisions, and embracing a new nationalistic front that can hopefully salvage our country from this pandemic. “Let our leaders rise in the true spirit of national vision and mobilise our people towards rescue and redemption.

“This is indeed how nations are built and strengthened in times of great challenges. We must wield this country together now in one indivisible brotherhood.

 “There are no half measures. There are no separate ways. The solution must be collective, predicated in deliberately cultivated consensus,” he said.

George called for a “serious”, coherent, deliberate, aggregated and aggressive management of the pandemic.

He stressed the need for the citizens to effectively utilise expertise and explore all resources in the orthodox and traditional medical fields to fight the pandemic.

“Virtually in all fields of endeavour, there is always a Nigerian with sterling talent that can rival anyone, anywhere with prodigious exemplary demonstration of merit.

 “We have them here: virologists, epidemiologists, microbiologists, morbidity experts, homeostatic scholars and many others who are experts in the study of dysfunction of the human body.

“Why are we not using them to mitigate, combat and destroy the COVID-19 malady?”, he queried.

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Federation Account Garners N7trn Revenue in Six Months – RMAFC

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By Tony Obiechina, Abuja

Revenue Mobilization Allocation and Fiscal Commission (RMAFC) yesterday disclosed that a total sum of N7.31 trillion accrued to the Federation Account between July and Dec. 2023.This was captured in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) under the caption “CBN Federation Account Component Statement”.

This amount is higher than the sum of N5.
244 trillion realised in the first half of year 2023, according to a statement signed by the RMAFC Chairman, Mr. Mohammed Bello Shehu and made available to the media in Abuja.The chairman disclosed that out of the total gross revenue inflows into the Federation Account, the sum of N1,692 trillion was transferred to the Exchange Gain Differential Account, thus leaving a balance of N5.
475 billion for distribution.He added that from the amount stated above, the sum of N3.26 trillion was deducted as approved statutory deductions by the OAGF, leaving a net balance of N2.2 trillion for distribution to the three tiers of government within the period under review.The chairman explained that out of the N3.267 trillion statutory deduction indicated above, N2.251 trillion was transferred to the Non-Oil Excess Account as savings, thus leaving a net statutory deduction of N1.016 trillion with further augmentations for sharing among the three tiers of government received from some “reserve accounts.”The statement added that within the period under review, the net sum of N4 trillion was shared with the three tiers of government, an amount higher than the total sum of N3.06 trillion.In terms of percentages, the chairman stressed that “the statutory deduction in the second half of the year constituted 44.12 percent of the total gross inflow into the Federation Account in the six-month period, which was higher than the first half deductions of 42.31 percent (inclusive of transfer to the Non-Oil Excess Account).”On remittances by Revenue Generating Agencies (RGAs), the RMAFC chairman disclosed that out of the total gross revenue inflows into the Federation Account, the Nigerian National Petroleum Company Limited (NNPCL) remitted N874 64 billion in the second half of the year as against the zero-remittance made in the first half of the year.Similarly, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted the sum of N1.56 trillion while the Federal Inland Revenue Service (FIRS) remitted N3.65 trillion

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PDP NEC Meeting Ends with Damagum as Acting Chairman

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By Johnson Eyiangho, Abuja

Peoples Democratic Party (PDP) 98th National Executive Committee (NEC) meeting yesterday ended without a word on the much talked-about replacement of the party’s Acting National Chairman, Amb. Iliya Damagum, an indication that he will continue to function in that position.

In an interview with newsmen after the meeting, the PDP spokesman, Hon.
Debo Ologunagba said for now, the party is focusing on issues of reconciliation and its stability, adding that the issue of the Acting National Chairmanship had been “deferred to the next NEC meeting, which is tentatively scheduled for August 15, 2024″.
Also speaking, the Governor of Bauchi State and Chairman of the PDP Governors’ Forum, Bala Mohammed said the party is united as there was no dissension and rancour.
In his words, “It was planned that the party would have an implosion. PDP is more than that. We have gone beyond all that. This party is united, guided by experience and constitutionality.”There were a lot of permutations and mischievous thinking outside there. But we looked at all the issues and we worked along our guidelines and constitution.“There is no problem or dissension and problem among members,” Mohammed said.The well attended NEC meeting was held amid tight security as police and personnel of the Department of State Services (DSS) condoned off roads leading to the PDP Secretariat, Abuja and diverted vehicular traffic.It will be recalled that the PDP National Working Committee (NWC) had passed a vote of confidence on Damagum during its meeting on Tuesday.A communique issued at the end of the three hours meeting commended all the organs of the party for their collective resilience, steadfastness and commitment towards the unity, stability and sustenance the party despite daunting challenges.The communique commended the efforts of the NWC in its effort towards rebranding the party and urged all party members to continue to work together for the success of the PDP for the benefit of Nigerians and sustenance of democracy in our country.

The document which was read by the PDP National Publicity Secretary, Ologunagba, however, expressed concern over what it described as the ill-implemented policies of the APC administration, leading to worsening insecurity, harrowing economic hardship, soaring unemployment rate, high cost of food and other necessities of life with pervading misery and despondency across the country.”NEC expresses serious apprehension over the spate of acts of terrorism and violence including the escalated cases of mindless killings, mass abduction of innocent Nigerians and marauding of communities in various parts of the country.”NEC condemns the insensitivity, nonchalance, incompetence and arrogance in failure of the APC administration which continues to conduct itself in a manner that shows that it has no iota of interest or commitment towards the wellbeing of Nigerians.”NEC also condemns the creeping totalitarianism and tendencies towards a One-Party State which is inimical to the peace, stability and corporate existence of our nation as well as the development of Democracy and good governance in the country,” it said.The communique demanded that President Bola Tinubu should urgently convene a special National Security Council meeting to proffer a holistic solution and measures to curb the disturbing insecurity with its attendant negative consequences on the nation.It also called on the president to “immediately rejig his Economic Team to bring in persons of proven integrity and competence without bias and vested interest to assist in repositioning the economy.”NEC further demands that the Federal Government should review all policies and programmes which are stifling the economy with suffocating effect on the lives of citizens; including the increase in price of fuel without cushioning measures, hike in electricity tariff, increased taxation and implementation of adverse fiscal policies,” the communique added.Present at the meeting were FCT Minister Nyesom Wike, former Vice President Atiku Abubakar and many other past and presently elected members of the PDP.

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CBN Reduces Banks’ Lending Rate to 50 Percent

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By Tony Obiechina, Abuja

Central Bank of Nigeria (CBN) yesterday announced a review of the loan-to-deposit ratio (LDR) for banks from 65 percent to 50 percent to align with the current monetary tightening.

LDR is used to assess a bank’s liquidity by comparing its total loans to its total deposits.

An increase in the loan-to-deposit ratio allows banks to expand their credits to businesses and individuals, however, a decline in LDR reduces their ability to loan customers from depositors’ funds.

CBN disclosed the increase in a circular titled “Re: Regulatory Measures to Improve Lending to the Sector of the Nigerian Economy”, signed by Adetona Adedeji, CBN Acting Director, Banking Supervision Department.

“Following a shift in the b  ank’s policy stance towards a more contractionary approach, it is imperative to review the loan-to-deposit ratio (LDR) policy to align with the current monetary tightening by the CBN,” the apex bank said.

“Accordingly, the CBN has decided to reduce the LDR by 15 percentage points to 50%, in a similar proportion to the increase in the CRR rate for banks.

“All DMBs are required to maintain this level and are further advised that average daily figures shall continue to be applied to assess compliance.”At the last monetary policy committee (MPC) meeting on March 26, the CBN retained the CRR at 45 percent and the liquidity rate at 30 percent.

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