BusinessDay 03 Apr 2020

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news you can trust I ** FRIDAY 03 april 2020 I vol. 19, no 534

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Coronavirus: Broken health centres in villages put 100m rural dwellers at risk

…Lagos discharges 11 more patients ODINAKA ANUDU & ANTHONIA OBOKOH

O Femi Gbajabiamila (r), speaker, House of Representatives, in a meeting with Sale Mamman (m), minister of power; Dafe Akpeneye (l), representative of the management of the Nigerian Electricity Regulatory Commission (NERC), and some principal officers of the House over the poor power supply during the on-going lockdown to curb spread of coronavirus, at the National Assembly, Abuja.

Reprieve for Nigeria as oil prices jump on Trump’s intervention

Saudi/Russia may cut production, end price war Saudi calls emergency OPEC+ meeting

ISAAC ANYAOGU & DIPO OLADEHINDE

O

il prices jumped on Thursday after United States President Donald Trump said he expected Saudi Arabia and Russia would agree to capping oil production, providing much reprieve to countries like

Nigeria worst hit by the scramble for bigger market share among producers. Brent, the internationally traded benchmark crude, traded at $33.44, up $8.70 a barrel at a point, while the US grade WTI sold for $25.58, up 25.95 percent. Both have now settled slightly lower in US trading.

Brent had fallen over 50 percent since January with the coronavirus-driven lockdowns in China, Europe and the United States leading to fallen oil demand. Trump said he expects Saudi Arabia and Russia to cut oil production by about 10 million to 15 million barrels, but he didn’t specify whether the production

cut would be per day. While there has not been confirmation from either Russia or Saudi Arabia, the scintilla of hope offered for the possibility of a truce was enough to send prices up. Saudi Arabia is now calling for an “urgent meeting” of the Organisa-

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bitti, an oil-rich community in Ohaji Local Government Area of Imo State, has only one health centre which is now a beehive of activities for snakes, scorpions and termites. It has no single doctor, no drug, and the place looks abandoned for ages, BusinessDay investigation shows. Leave Obitti and navigate towards Umuokanne, another community, and you will find a general hospital that is supposed to serve many communities in the LGA. Built by the Ibrahim Babangida military regime in the 1980s, the hospital has been abandoned by successive administrations, and

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Inside How Nigerian companies, government can respond to Covid-19 – McKinsey P. 6 Farmers say lockdown hampering essential inputs supply P. 6


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