COVID-19: FG may review 2020 budget – Finance Minister 

*Releases N1bn to NCDC

THE Federal Government Wednesday said that the COVID-19 otherwise known as Coronavirus has negatively impacted on the country’s revenue which could lead to the review of the 2020 budget.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this while briefing State House correspondents at the end of the Federal Executive Council, FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa Abuja.
She explained that already International oil price had dropped, but added that the oil production has increased between two million barrels and 2.1 million barrels per day.

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She said, “We are concerned in the current drop in oil price because it’s now below our budget.
“I am glad to inform you that our oil production as at today is two million barrel per day and at times slightly higher. That in its self will be a cushioning effect for us in the current oil price.
“We just had an impact on revenue.
“We will do a mid term review, and if the impact is so much, we will need to do an adjustment in the budget working together with the National Assembly.”
The Minister of Health, Dr. Osagie Ehanire while briefing explained that the identity of the Italian that was confirmed positive of COVID-19 in Nigeria because of the medical confidentiality where the identity of a patient would not be disclosed without the person’s consent.
He said that the ethics of the medical profession forbids revealing the identity or name of the patient except with the person’s permission.
The Minister further said that about N970 million has been released to the Nigeria Center for Disease Control, NCDC to contain the Coronavirus.


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