The federal government has said about 500,000 people without electricity in Nigeria would be able to have access to power in no distant time as it plans to spend about $200 million on providing electricity for about 105,000 households. The initiative is in continuation of its rural electrification plans. A weekly roundup of developments in […]Read More
The Federal Government and the World Bank Power Sector team yesterday met on the possibility of Nigeria accessing a $1 billion Performance Based Loan (PBL) from multilateral institutions. Finance Minister Mrs. Zainab Ahmed dropped the hint at a joint news conference with Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the end of the […]Read More
The Minister of Finance, Mrs Zainab Ahmed has disclosed that the Federal Government would put more effort towards blocking leakages and diversifying the economy in accordance with its Economic Recovery Growth Plan, ERGP. The Minister also declared government’s commitment towards building a vibrant capital market that would contribute to the growth and development of the […]Read More
The Federation Account Allocation Committee on Thursday night distributed N698.71bn to the three tiers of government as September allocation. The amount represents a decline of N43.13bn over the N741.84bn shared in August. The amount was shared at the FAAC meeting, which was presided over by the Minister of Finance, Mrs Zainab Ahmed. A breakdown of […]Read More
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