President Muhammadu Buhari Monday night in Abuja signed the Covid-19 Regulations 2020 in accordance with Sections 2, 3 and 4 of the Quarantine Act (CAP Q2 LFN 2004).
The regulations declared Covid-19 as a dangerous and infectious disease.
A statement by the president's media adviser, Mr. Femi Adesina, said the Regulations which took effect from Monday, March 30, 2020, would serve as a legal backing to various measures unveiled by the president during his national broadcast on March 29, 2020.
The statement also said such measures like the restriction/cessation of movement in Lagos, Federal Capital Territory (FCT) and Ogun State, among other decisions, were aimed at containing the spread of the pandemic in the country.
The statement added that in addition to measures aimed at enabling Nigerians to perform on-line transactions and use automatic teller machine (ATMs) during these restrictions, the Regulations grant exemption to financial system and money markets.
The financial system exemption, the statement added, was aimed at allowing very skeletal operations with a view to keeping the system in light operations while these regulations subsists.
The statement read: "In exercise of the powers conferred on him by Sections 2, 3 and 4 of the Quarantine Act (CAP Q2 LFN 2004), and all other powers enabling him in that behalf, President Muhammadu Buhari, Monday, signed the Covid-19 Regulations, 2020, which declared Covid-19 a dangerous infectious disease.
"The Regulations, effective March 30, 2020, also gave legal backing to the various measures outlined in the President's National Broadcast on March 29, 2020, such as Restriction/Cessation of Movement in Lagos, FCT and Ogun State and others toward containing the spread of the pandemic in the country.
"In addition, to ensure that Nigerians can still perform on-line transactions and use ATMs whilst observing these restrictions, exemption is granted financial system and money markets to allow very skeletal operations in order to keep the system in light operations during the pendency of these regulations."