COVID-19: Suspend State Deductions, Restructure All Debt Service Payments, 36 Governors Tells Buhari

*As Governors meet Next Week Wednesday 

Governors meet Buhari, fail to agree on state police ▷ Legit.ng

THE Nigeria Governors’ Forum, NGF, which comprises of the thirty-six State Governors have said that with the deadly Coronavirus, COVID- 19 that is at the moment, ravaging the world,  the Federal Government should as a matter of urgency, put in place, measures that would help in the acceleration of an arrangement to suspend all State deductions and restructure all debt service payments on the federal government and CBN-owned debts.

According to the Governors, the Federal Government should also come up with urgent fiscal measures to safeguard the liquidity of State governments.

These were contained in a Communique issued on Thursday,  signed by the NGF Chairman and the Ekiti State Governor, Dr. Kayode Fayemi after the 2nd COVID- 19 Teleconference Meeting of the Governors held with the Minister of Finance, Budget and National Planning, Zainab Ahmed and her counterpart in the Ministry of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq on stimulus incentives from the federal government to support vulnerable households across States cope with the expected loss of income and livelihoods in the coming months.

According to the Communique, the Governors also discussed the legality or otherwise of lockdowns in other states around the country and resolved to maintain the status quo until Fayemi resolves the matter with the Presidential Committee on Covid-19.

The Communique read, “We, members of the Nigeria Governors’ Forum (NGF), at our meeting held today( Yesterday) deliberated on the COVID-19 pandemic in the country and resolved as follows: Following a briefing from the Minister of Finance, Budget and National Planning on fiscal measures taken by the federal government to mitigate the economic impact of the COVID-19 pandemic, the Forum called for urgent fiscal measures to safeguard the liquidity of State governments, including the acceleration of an arrangement to suspend all State deductions and restructure all debt service payments on federal government and CBN-owned debts.

READ ALSO: Covid-19 Lockdown: Buhari’s declaration requires no legal backing -APC Govs Forum DG

” Members also received briefing from the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq on stimulus incentives from the federal government to support vulnerable households across States cope with the expected loss of income and livelihoods in the coming months. Governors committed to leading the effort through State focal persons in charge of social protection to ensure that palliatives including food and cash transfers reach the most vulnerable population in all States.

“Members also discussed the legality or otherwise of lockdowns in other states around the country and resolved to maintain the status quo until the Chairman and Governor of Ekiti State resolves the matter with the Presidential Committee on Covid-19.

“Finally, members also resolved to leverage on the lockdown situations to send essential food items across borders as part of the palliatives so that perishables produced in one state get to states that need them unhindered.

“Next meeting convenes on Wednesday next week.”

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