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COVID-19: Sanwo-Olu mulls full re-opening of Lagos economy Sanwo Olu 300x168

 

GOVERNOR Babajide Sanwo-Olu of Lagos State, yesterday, expressed satisfaction with the level of compliance to safety guidelines against the spread of COVID-19 pandemic in the state, saying the state was considering full re-opening of critical sectors of its economy but was not in a hurry to do so.
The governor said in the coming days, the state government would be rolling out the Register-to-Open initiative as part of plans that would enable it assess the level of readiness of players in the identified sectors for supervised operations.
He said: “We are at a level where we are reviewing the other arms of the economy. In the coming days, we will be starting what we call Register-to-Open, which means all players in the restaurant business, event centres, entertainment, malls and cinemas will go through a form of re-registration and space management.
“There is a regulation that will be introduced to supervise this move. We will be coming to their facilities to assess their level of readiness for a future opening. I don’t know when that opening will happen in the weeks ahead, but we want these businesses to begin to tune themselves to the reality of COVID-19 with respect to how their work spaces need to look like.

“For us, it is not to say they should re-open fully tomorrow (Monday) or any time; there has be a process guiding the re-opening. We will be mandating LASEPA and safety commission to begin the enumeration process and the agencies will be communicating with all relevant businesses and houses in the days ahead. I must, however, caution that this should not be misinterpreted as a licence for full opening; it is certainly not. The state’s economy is not ready for that now.”
The governor disclosed that all the 10 staff of Government House, who tested positive to the virus, had fully recovered and returned to their beats.
Also, the Commissioner for Information and Strategy, Gbenga Omotoso, disclosed that the state would commence the clinical trial treatment of COVID-19 this week using chloroquine as approved by National Agency for Food Drug, NAFDAC.
Omotoso said: “We are ready for the chloroquine clinical trial because we have just secured all the approvals. The documentation has also been completed. Those that will be used for the trials are ready too. By next week we should be ready for the trial.
“Also, Lagos got a supply of additional 20,000 testing kits, although we were expecting 40,000. It means that the testing will increase now.”

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Lawal Abdulsalam, Student of civil engineering, student from federal polytechnic Ede if you don't know Lawal Abdulsalam then perhaps you started blogging yesterday.He runs one of the most popular blogs on internet.

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    May 19, 2020 at 2:18 am

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Business

FG, Innoson partner to produce ventilators

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FG, Innoson partner to produce ventilators Science ventilator 1206950101 1140x570 1

The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, said the federal government had opened discussions with Innoson Vehicles Manufacturing Company and other key indigenous vehicle manufacturing companies with a view to producing ventilators in the country.

This is even as the President of the Manufacturers Association of Nigeria (MAN), Engineer Mansur Ahmed, disclosed that manufacturers had increased Nigeria’s domestic production capacity for face masks from two million masks in February to 27 million now.

The minister, who updated journalists on #COVIDー19 pandemic and its implications for the manufacturing sector in Abuja, said the government received a proposal from Innoson Vehicle Manufacturing Company to produce ventilators and similar proposals had been submitted by other indigenous auto manufacturers and that the various proposals are being considered.

“We are also engaging our indigenous car manufacturers at this time to prepare them to tweak their operations to begin the manufacture of ‘Made in Nigeria’ ventilators – critical medical equipment in the fight against the virus,” he said.

The ministry had last month set up a committee on “the sustainable production and delivery of essential commodities” during the #COVIDー19 pandemic, amongst others.

Adebayo said the ministry had been collaborating with the Manufacturers Association of Nigeria (MAN); the Nigerian Association of Chamber of Commerce Industry Mines and Agriculture (NACCIMA); Nigerian Traders Association (NANTS);and other relevant stakeholders to guarantee unhindered production of essential items like food, medical and pharmaceutical products.

The MAN President, Engineer Ahmed, said manufacturers had braced the lockdown to ensure uninterrupted production of essential goods, including supply of raw materials.

The industrialist said as imports of essential goods dropped, local manufacturers were trying to bridge the gap by ramping up domestic production.

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Business

War: US, China sign first deal

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War: US, China sign first deal 20200117 020314

The U.S. and China signed a so-called ‘Phase One’ deal on Wednesday, thus putting on hold a trade war between the two economic giants but leaves in place massive tariffs on Beijing’s goods, while also sidestepping some of the thorniest issues.

The trade war has roiled world markets and slowed global growth over the past two years.

The approximately 90-page deal includes Chinese promises to buy some 200 billion dollars’ worth of U.S. products over two years and implement stronger rules on intellectual property, NAN reports

It also established a dispute resolution mechanism, which is meant to ensure the deal is enforceable, and provides further access to the Chinese market for U.S. financial service providers.

The U.S. said that if the sides could reach a more expansive Phase Two deal, Washington would roll back tariffs on hundreds of billions of dollars of Chinese imports.

The first phase leaves in place Washington’s tariffs on 370 billion dollars’ worth of Chinese imports, while reducing the tariff rate on some of those goods from 15 to 7.5 per cent.

Still, President Donald Trump hailed the “historic” agreement at a lengthy White House signing ceremony.

“Keeping these two giant and powerful nations together in harmony is so important for the world.

“The world is watching today.

“Together, we are righting the wrongs of the past,” Trump said, while stressing that he viewed the remaining tariffs as a negotiating tool.

China will buy 40 billion dollars in U.S. agriculture products “in line with market terms,” Chinese Vice Premier Liu He said at the ceremony, while noting that demand would also be a factor.

Trump has made closing the large trade deficit between the U.S. and China one of the goals of his administration.

He also has sought an end to abuses of U.S. intellectual property rights by Chinese companies along with forced technology transfers.

“We are not likely to see in this agreement any provisions addressing the key structural problems with China,” Jennifer Hillman, a trade expert at the New York-based Council on Foreign Relations, warned ahead of the ceremony.

Hillman cited Beijing’s use of subsidies to “prop up” companies that flood markets with goods and drive down prices among the practices.

Chinese President Xi Jinping, who did not attend the event in Washington, praised the deal, in a letter read out by Liu.

“In the next step the two sides need to implement the agreement in real earnest and optimize its positive impact,” Xi said.

“In that spirit, I hope the U.S. side will treat fairly Chinese companies and their regular trade and investment activities,” the letter added.

Senate Democratic leader Chuck Schumer said on Wednesday, “(The deal) is an extreme disappointment to me and to millions and millions of Americans who want to see us make China play fair.”

Chinese observers also feel like the deal, while halting a trade conflict that was spiralling out of control, may fail to serve China’s national interests.

Beijing might also find it hard to purchase the set amounts of U.S. agricultural, energy, and manufactured goods outlined in the agreement without alienating other countries, said Shi Yinhong, a professor of international relations at Renmin University.

“I think China has made a lot of concessions, and the implementation of the first phase of the agreement poses a considerable challenge,” he said.

Other countries have raised objections to the deal, saying it would force China to adopt a system of “managed trade” to the detriment of other nations, according to Joerg Wuttke, president of the European Chamber of Commerce in China.

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