COVID 19: Check Out 10 Dangerous State You Should Avoid Travelling To
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Prof. Ogunyemi, The President of Academic Staff Union of Universities (ASUU), has guaranteed the Union's readiness to resume academic activities based on the conditions for reopening.
"We are ready to call off the strike as soon as the conditions for reopening schools are met. We have also calculated that Government should use the opportunity of the lockdown to handle the challenges in the education sector".
However, the President listed the issues raised in the Memorandum of Agreement (MoA), which includes;
1) Release of N1.3trillion for revitalisation of Universities.
2) Payment of all Earned Academic allowances.
3) Commencement of visitation to all federal Universities.
4) Provision of documented guidelines on procedures, and roles of parties in the process of FGN/ASUU agreement of 2009.
According to Him, consecutive governments were establishing universities without funding them adequately, adding that some of the institutions established were uncalled-for.
"State Governments have turned the establishment of Universities to constituency projects; each governor wants to have a university in his constituency. This is really sad, and if we are not cautious, university education will fall like the public primary schools across the nation. So, ASUU is battling to stop the total collapse. Our demands are not selfishly motivated".
Meanwhile, recall that the Academic Staff Union of Universities (ASUU), has kicked against the proposed plan of the Federal Government to reopen schools in the country.
University teachers yesterday declared that they are ready to resume work if all the safety conditions spelt out for the reopening of schools by the government are fully met.
Besides, they insisted that government must address the pending issues contained in the memorandum of agreement between the Academic Staff Union of Universities (ASUU) and the Federal Government.
While ASUU assured of its readiness to resume academic activities, the union premised its resumption on the government’s readiness to meet all reopening guidelines.
Ogunyemi decried the poor state of facilities on campuses and wondered how social distancing would be maintained in the nation’s public universities.
“We are ready to resume as soon as the conditions for reopening schools are met. We have also advised the government to use the opportunity of the lockdown to address the challenges in the education sector.”
The ASUU chief warned that failure to put things right in tertiary institutions before reopening may turn the institutions into incubation centres for COVID-19.
Prof Ogunyemi listed the issues raised in the MoA to include the release of N1.3trillion for the revitalisation of universities, payment of Earned Academic allowances, commencement of visitation to all federal universities, strengthening the consultative committee on state-owned universities to look into the issues of proliferation, underfunding and governance to consistently deliver on its mandate, as well as provision of documented guidelines on procedures and roles of parties in the process of renegotiating FGN/ ASUU agreement of 2009.
The union also accused the Federal and state Governments of proliferation of universities in the country. According to the president, successive governments were establishing universities without adequately funding them, adding that some of the institutions established were needless.
“Why do we need a university of transportation, or that of Information and Communication Technology (ICT)? All these can be taken care of by the existing public universities. So, proliferation of university education will not help us; it is grossly affecting the quality of learning in the country,” he said.
Ogunyemi further lamented that state governments have made the setting up of universities a constituency project, rather than centres of development. He warned that university education in the country may go comatose just like the primary education system if things are not urgently addressed.
“State governments have turned the establishment of universities to constituency projects; every governor wants to have a university in his constituency. This is really sad and if we are not careful, university education will collapse like the public primary schools in the country. So, what ASUU is really fighting for is to stop the total collapse. Our demands are not selfishly motivated,” Ogunyemi added.
He urged the Federal Government to fix public universities, saying by so doing, such institutions can be spinners of revenue generation.
Ogunyemi also called on the government to implement the recommendations of the union based on the Needs Assessment Report of 2012 and other demands of the union.
Manufacturing PMI in the month of July stood at 44.9 index points.
Nigeria’s economy continues to grapple with the ripple effects of the COVID-19 pandemic, as the manufacturing sector shrunk further in the month of July 2020. This is contained in the latest Purchasing Manager’s Index (PMI) report released by the Central Bank of Nigeria.
According to the latest data released by the apex bank, Manufacturing PMI in the month of July stood at 44.9 index points, indicating a contraction in the manufacturing sector for the third consecutive month.
The latest figure shows marginal growth compared to 41.1 and 42.4 index points recorded in June and May 2020 respectively. Meanwhile, the Nigerian economy remains on a tepid trajectory as the COVID-19 pandemic continues to disrupt both supply and demand chains of production.
Contraction subsists across key sub-sectors
Of the 14 surveyed subsectors, the transportation equipment subsector reported growth (above 50% threshold) in the reviewed month, while nonmetallics in the mineral products sector reported no change. The improvement in transportation must have been driven by the gradual easing of lockdown across the country.
However, the remaining 12 subsectors shrank in the following order: printing & related support activities; primary metals; fabricated metal products; paper products; food, beverage & tobacco products; chemical & pharmaceutical products; furniture & related products; electrical equipment; plastics & rubber products; petroleum & coal products; textile, apparel, leather & footwear, and cement.
Also, the non-manufacturing PMI stood at 43.3 index points, indicating a contraction for the fourth consecutive month, though showing signs of recovery compared to 35.7 and 25.3 index points recorded in June and May respectively.
Of the 17 surveyed subsectors, only arts, entertainment & recreation, and transportation & warehousing recorded growth (above 50% threshold), while the remaining 15 subsectors recorded declines in July 2020.
Manufacturing components remain negative in July
The CBN report usually has five PMI components, which include Production level, New orders, Supplier Delivery time, Employment level, and Raw material inventory. In the month of July, four of the five components shrank in the following order: Production level (44.7), New orders (43.1), Employment level (40), and Raw material inventory (43.2).
However, supplier delivery time witnessed growth at 56.4 points in July, an improvement which is expected to improve in the coming months as nationwide lockdown continues to easy and economic activities improve.
What this means
PMI is a survey conducted by the Central Bank of Nigeria, showing changes in the level of business activities in the current month compared with the preceding month.
For each of the indicators measured, this report shows the diffusion index of the responses, which is computed as the percentage of responses with positive change plus half of the percentage of those reporting no change, except for supplier delivery time, which is computed as the percentage of responses with negative change plus half of the percentage of those reporting no change.
The latest PMI figures show that Nigeria’s manufacturing and the non-manufacturing sectors are yet to recover from the effects of COVID-19 lockdown, which caused disruption in all economic activities across the country.
Also, the continued contraction in the manufacturing sector implies that unemployment may rise further in the economy. According to the Economic Sustainability plan recently released by the Nigerian government, unemployment may hit c.40% by the end of 2020— a trend that may leave the Nigerian economy in a sustained deep recession.
The coronavirus pandemic has ravaged countless countries worldwide, but none have been hit harder than the U.S., and America sped past a somber signpost on Wednesday, as the number of confirmed Covid-related deaths within the United States surpassed 150,000.
America leads the world, by far, in both total numbers of Covid-19 cases and deaths.
Despite representing less than 5% of the world’s population, the U.S. accounts for more than 22.5% of the world’s coronavirus deaths.
Over just the past four months, more Americans have died from the coronavirus than the number of U.S. service members killed in World War I (and more than Vietnam and Korean wars combined).
Yet, according to multiple studies published recently (including a thorough study by researchers at Yale University earlier this month), the number of confirmed deaths in the U.S. due to Covid-19 is significantly lower than the actual number of fatalities.
Despite a recent slowdown, New York has recorded far more deaths than any other state (a total of 32,333 fatalities since the beginning of the pandemic, according to a New York Times database).
Florida, the epicenter of the U.S. coronavirus pandemic, again broke its daily record for deaths on Wednesday, reporting 216 fatalities in just the past 24 hours.
President Trump has received harsh criticism from for his handling of the pandemic since the virus first arrived in the U.S. His downplaying of the potential severity of the threat from Covid-19 resulted in the country not taking the deadly disease seriously early, critics claim. Earlier this month, the president falsely claimed “99%” of coronavirus cases are “totally harmless.” Tuesday, he declared “large portions” of the country are “corona free.” However, according to a recently issued federal report, 21 U.S states are in the “red zone” for coronavirus outbreaks, which means they are reporting more than 100 new cases per 100,000 people. The U.S. exceeded 4 million Covid-19 cases last week, and the exponentially increasing rate of infections has been alarming. It took 99 days for 1 million Americans to become infected. Forty-three days after that, the U.S. hit 2 million cases. America surpassed 3 million less than a month later. Then, it took just 15 more days for the U.S. to exceed 4 million.
1,000: It’s been 150 days since March 1, which means that approximately an average of 1,000 Americans have died every day since the first known Covid-related fatality back in late February.
“You have 15 people, and the 15 within a couple of days is going to be down to close to zero,” said President Trump on February 26th.
“Five months after President Trump said the coronavirus would just ‘disappear,’ our nation marks 150,000 lives lost to COVID-19,” said Congressman Bill Foster, a Democrat representing Illinois. “Simply put, the President and his administration failed miserably to manage the coronavirus crisis and we are paying the price for their incompetence with the lives of our fellow citizens.”
“Our analyses suggest that the official tally of deaths due to Covid-19 represent a substantial undercount of the true burden,” said Dan Weinberger, an epidemiologist at Yale School of Public Health.
The Covid-19 vaccine candidate made by the biotech company Moderna, Inc. and developed in collaboration with the National Institutes of Health began Phase 3 clinical trials earlier this week. It’s the first such final-phase testing trial of a coronavirus vaccine in the U.S. Moderna CEO Stephane Bancel said Monday morning that late-stage results could be ready by October, but cautioned that was a “really optimistic” scenario.
The crypotoverse seems to be getting bigger lately because the total market capitalization of cryptocurrencies has surged past a new 5-month high. These were largely contributed by the recent rally in BTC, ETH, and XRP and many altcoins in play.
Data from Coinmarketcap, an advanced crypto tracker firm, revealed that the market capitalization value of the cryptocurrency market stands at $323 billion at the time this report was drafted. BTC played a major role in the crypto market value, contributing about 62% of the whole crypto market capitalization.
What this means: This incredible feat in the crypto market shows global investors and traders are rushing into digital coins, and hedging against inflation-prone assets like currencies. Although the crypto market experienced some slight lows in the past week due to the resurging COVID-19 caseloads, the market seems to have bounced back again.
In the past 48 hours, Bitcoin gained +9% as it nears $11,000 for the first time in 11 months. Additionally, amongst the top 100 highest market capitalized crypto assets, 20 of the 30 projects that have had positive gains in the past day are in the top 40. The past couple of months were all about Defi and altcoins having all the fun. But the narrative has quickly switched back to bitcoin and large-cap assets like Ethereum, Ripple, and Tether