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Nigeria’s Public Debt Rises To N31 Trillion

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The debt management office has announced Nigeria’s total public debt portfolio has increased by nearly two and a half trillion naira.  The figure now stands at thirty-one trillion naira.

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The office says three billion came from budget support loan from the International Monetary Fund (IMF), while the balance consists of new domestic borrowings to finance the revised 2020 Appropriation Act.

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The data showed the new debt figure comprises of the debt stock of the federal government, the 36 state governments and the Federal Capital Territory.

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Health Workers Suspend 7-Day Nationwide Warning Strike

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Health Workers Suspend 7-Day Nationwide Warning Strike

Public health workers are now back to work after the Joint Health Sector Unions ended its seven-day warning strike and directed its members nationwide to resume.

JOHESU members embarked on a warning strike last Monday after the government failed to meet the demands of the union.

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These include an upward review of covid-19 special inducement and hazard allowances; the payment of all withheld salaries; adjustment of consolidated medical salary structure since 2014, among other things.

JOHESU national chairman, Biobelomoye Josiah, says its expanded national executive council would decide the next line of action.

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Josiah further said the fg had continued to exhibit a high level of bias by refusing to address the demands presented during the warning strike.

JOHESU says the union has shown high patriotism by demanding that public health system in Nigeria is sustained and adequately financed for effective, efficient and affordable healthcare service delivery.

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Modular Refineries:  No Government Has Succeeded Like Buhari – Lai Mohammed

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Modular Refineries:  No Government Has Succeeded Like Buhari - Lai Mohammed

Minister of information and culture, Lai Mohammed says president Muhammadu Buhari has succeeded more than his predecessors in bringing modular refineries into reality in the country.

The minister made the statement earlier in the week while touring the Waltersmith Modular Refinery and petro-chemical company in Ibigwe, Imo State.  The refinery is due for commissioning next month.

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The minister said refineries in the country were able to come into being because of the enabling environment created by the Buhari administration.  He said many previous government talked about modular refineries, but none was able to bring them to reality until now.

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He assured Nigerians of cheaper petroleum products now that medium-scale refineries are coming on board.  He said, as a result, debates about subsidy will become irrelevant because everything produced by the modular refineries would be for domestic consumption.

The Waltersmith refinery is a partnership with the Nigerian content development and monitoring board.  It will start with five thousand barrels per day and will increase production at two different stages till it reaches half a million barrels per day.

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Nigeria Records 131 New Cases Of COVID-19

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NCDC Records 155 New Coronavirus Cases, Four Deaths

Nigeria recorded one hundred, thirty-one new COVID-19 infections on Thursday, bringing the total number of infections in the country to 56,735.

Nigeria Centre for Disease Control confirmed the new cases were recorded in eighteen states including the Federal Capital Territory

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Lagos state recorded the highest number of infections with 45 cases, Kaduna and plateau followed with 17 each, 16 in FCT, and 6 cases each in Delta and Niger. Kwara recorded 5 cases, Oyo 3, Akwa Ibom, Cross River, Ekiti, Enugu, and Osun 2 each.

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Sokoto, Bauchi, Ebonyi, Katsina and Rivers also recorded new infections.

Two infected persons also died in the last 24 hours. This brings to one thousand ninety-three the total number of fatalities.

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48,092 persons have recovered and have been discharged so far.

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