President Muhammadu Buhari has signed into law the revised N10.8 trillion 2020 budget.

President Muhammadu Buhari has signed into law the revised N10.8 trillion 2020 budget and directed the release of at least 50 per cent of the approved 2020 revised capital expenditure to Ministries, Departments and Agencies (MDAs).⁣

The Federal Executive Council (FEC) had on May 13, approved a revised budget of 10.523 trillion.⁣

However, the two chambers of the National Assembly – the Senate and House of Representatives — increased the budget from the initial N10.5 trillion submitted by the President to N10.8 trillion.⁣

The figure shows that the sum of N2,488,789,433,344 is for capital expenditure, while N4,942,269,241,984 is for recurrent non-debt expenditure.⁣

Others are N2.6 trillion for debt service and N2.9 trillion for sinking funds.⁣

After signing the budget on Friday at the Council Chamber of the State House, Buhari said that the budget had to be revised because of the effect of coronavirus on the nation’s economy.⁣

According to him, MDAs will be given 50 per cent of their capital allocation by the end of the month.⁣

NAN reports that the event was witnessed by Vice-President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker Femi Gbajabiamila, Secretary to the Government of the Federation Boss Mustapha; Chief of Staff to the President, Prof. Ibrahim Gambari.⁣

The Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State Finance, Clement Agba, Governor of Central Bank of Nigeria, Godwin Emefiele and Director General, Budget, Ben Akabueze were also at the event.⁣

📹: @pulsenigeria247

The Federal Government has announced the indigenous development and validation of RNA-Swift in Nigeria.

RNA-Swift is a test kit used for the identification of SARS-CoV-2, the causative agent for COVID-19.

According to the Ministry of Science and Technology, the development of the test kit was aimed at speeding up effective testing of Nigerians during the pandemic.

The Minister of Science and Technology, Ogbonnaya Onu, talking to reporters in Abuja said;

“The RNA-Swift has amazing precision for the detection of SARS-COV-2 and will be commercially available at a price that places it ahead of competitors in terms of sensitivity and affordability.”

“I want to confirm to you that the RNA-Swift product team is in consultation with the African Development Bank for the funding of an African-wide testing programme for COVID-19 and the establishment for RNA-Swift production in Nigeria,” he stated.

WORLD HEALTH ORGANIZATION Has Warned Against The Drastically Increase Of Coronavirus Around The World Since The Relaxation Of Lockdowns.

The World Health Organisation has warned that the Coronavirus pandemic is “accelerating and getting worse” as lockdown measures are being relaxed in several countries in the world.

Dr. Tedros Adhanom Ghebreyesus, the director-general of the WHO, said the Covid-19 pandemic has still not reached its peak as he warned that coronavirus is not under control “in most of the world” and is in fact “getting worse”.

He said the Coronavirus cases were increasing drastically, with almost 12million confirmed infections since the pandemic first began in China back in December.

Speaking at the member state briefing on the Covid-19 pandemic evaluation, he said: “The virus has upended health systems in some of the world’s wealthiest nations, while some countries that have mounted a successful response have been of modest means.

“We know that when countries take a comprehensive approach based on fundamental public health measures – such as find, isolate, test and treat cases, and trace and quarantine contacts – the outbreak can be brought under control.

“But in most of the world, the virus is not under control. It is getting worse.

“More than 11.8 million cases of Covid-19 have now been reported to WHO. More than 544,000 lives have been lost.

“And the pandemic is still accelerating. The total number of cases has doubled in the last six weeks.”

The United States has the highest caseload and deaths in the World, with over 3 million coronavirus cases and more than 130,000 fatalities recorded so far.

Chinese officials warned against an unknown pneumonia that is deadlier than Coronavirus.

According to the warning issued by the embassy: “The death rate of this disease is much higher than the novel coronavirus. The country’s health departments are conducting comparative research into the pneumonia virus, but have yet to identify the virus.”

“Unknown pneumonia in Kazakhstan caused 1,772 deaths in the first six months of the year, including 628 people in June alone, including Chinese citizens, the embassy said in a statement.

“The fatality rate of the disease is much higher than COVID-19,” read the embassy’s statement.

“Health officials have recorded more than 32,000 cases of pneumonia between June 29 and July 5 alone, along with 451 deaths,” said Kazakhstan’s Health Ministry.

About 300 people diagnosed with pneumonia are being hospitalized every day,’ Saule Kisikova, the health care department chief in Kazakh capital Nur-Sultan, told state news agency Kazinform.

Meanwhile, there are 53,021 coronavirus cases and 264 deaths in Kazakhstan