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news you can trust I ** wednesDAY 20 may 2020 I vol. 19, no 567
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FG asks businesses, schools, others to adopt new strategies ahead of reopening … as Lagos releases additional guidelines JOSHUA BASSEY (Lagos) & TONY AILEMEN (Abuja)
T President Muhammadu Buhari (r), receiving Theophilus Yakubu Danjuma, former chief of army staff and minister of defence, during the latter’s visit to the president at the Presidential Villa in Abuja.
Nigerian employers in gruelling battle to keep staff LOLADE AKINMURELE
N
igerian employers are fighting to keep staff on their payrolls amid the financial pain inflicted by the COVID-19 pandemic, according to the Nigeria Employers’ Consultative
As COVID-19 pressure mounts
Association (NECA), the umbrella organisation of employers in the Organised Private Sector. Economic activity in Nigeria, like in other countries, has been hammered by the pandemic, but businesses in the West Af-
rican country may be faring worse than in countries where government palliatives from tax holidays to other forms of support have helped soften the blow of the pandemic. Staff layoffs in the private
sector, which employs some 90 percent of the country’s total workforce, will worsen what is already a precarious economic situation for Africa’s most popuContinues on page 7
he Federal Government on Tuesday asked businesses, offices, professional bodies, places of worship and educational institutions awaiting reopening to use the additional two weeks of phased ease of lockdown to plan and adopt new strategies under a COVID-19 era in line with the guidelines for the new life ahead. The government also urged Nigerians to prepare for “behavioural change” which “is a must for every citizen because COVID-19 has changed the world completely”. The government had on Monday said it would maintain the current guidelines on “ease of Continues on page 7
Inside
Terms Nigeria must meet to access $1.5bn World Bank credit P. 6 NLNG Train 7 project attracts $3bn financing from 31 lenders P. 6