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Buhari Grants Limited Exemptions To Banks And Other Financial Institutions

Posted By Bekee Wisdom | In News | Mar 30, 2020, 2:15 pm

President Mohammadu Buhari has exempted the key players in financial sector in the COVID-19 movement restriction, a joint statement from the Minister of finance and Governor of central bank said on Monday

According to the statement, the Minister of Finance, Budget and National Planning, Zainab Ahmed and Central Bank governor, Godwin Emefiele, appealed to President Buhari to enable the financial services sector to render skeletal services.

Abovenaija reported how President Buhari imposed a lockdown, restricting movements in Lagos, Ogun and Abuja.

In a nationwide broadcast on Sunday, the president appealed to Nigerians to observe social distancing as part of measures to curb the spread of coronavirus.

“Based on the advice of the Federal Ministry of Health and the NCDC, I am directing the cessation of all movements in Lagos and the FCT for an initial period of 14 days with effect from 11pm on Monday, 30th March 2020,” he said.

“This restriction will also apply to Ogun State due to its close proximity to Lagos and the high traffic between the two States.”

Only essential services workers such as health workers, food retailers, and journalists were exempted from the lockdown.

The president also urged Nigerians that travel to or from other states should be postponed, while all businesses and offices within the affected locations be fully closed.

Many Nigerians have expressed worries over their businesses and movement since the announcement Sunday night, with others expressing worry over financial transactions.

But in a jointly issued statement, on Monday, titled ”Notice to affected stakeholders and general public regarding COVID-19 and restrictions in movement of persons,” Ms Ahmed and Mr Emwefiele applauded and appreciated the appropriate and proactive restrictions in personal and vehicular movement as a means of curbing the spread of the virus.

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