HIGHLIGHTS:

—PMB has approved estab of N500 billion COVID-19 Crisis Intervention Fund

—Revision of 2020 Budget Benchmarks

—FGN will tap Budget funding from World Bank, AfDB, IDB etc

—N102.5bn for direct healthcare interventions (by FG, States)

—Fiscal Support to States https://twitter.com/finminnigeria/status/1247117147962253313

“We‘ve applied for funding from IMF’s #COVID19 Rapid Credit Facility... This loan will not be tied to any conditionalities... Important to clarify that Nigeria does not intend to negotiate/enter into a formal programme with IMF, at this time, or in the foreseeable future.” — HMF

“The @NCDCgov has access to a Regional Disease Surveillance Systems (REDISSE) facility from @WorldBank in the sum of US$90 million, out of which US$8 million has been drawn. We have requested to fully draw down on the outstanding balance of US$82 million.” — HMF, @ZShamsuna