A total of N601.1 billion was shared on Wednesday to the federal, state, local governments and statutory agencies, being the Federation Accounts Allocation for the month of November, 2020. This was announced on after the FAAC meeting for the month of December 2020 held at the Federal Ministry of Finance …
Read More »Nigerian Govt Negotiating $750mn World Bank Loan
The federal government is in the process of accessing a World Bank loan of $750 million on behalf of the states. The new loan is meant to stimulate the local economy and support the vulnerable households’ consumption. This, it said, is part of the windows of opportunity to mitigate the effect of …
Read More »We Have Failed Our Children, Says Finance Minister
Agency Report The Minister of Finance, Budget and National Planning, Zainab Ahmed, has urged parents to instill family values in their children as a way to save the country from degeneration. The minister made the call on Saturday in Kaduna during a stakeholders’ engagement with 77 district heads, religious and …
Read More »Sudan Declares State of Economic Emergency as Inflation Hits 143%
Sudan’s sovereign council, which has been ruling the country since Omar al-Bashir was ousted, has just declared an economic “state of emergency”. The announcement was made by the Minister of Finance, Hiba Mohamed Ali, during a press conference held on Thursday, September 10 in Khartoum. According to the official, this …
Read More »Nigeria Govt. Commits N162bn Sukuk Fund to Road Construction
Babatunde Fashola, Minister of Works and Housing, has received a sovereign Sukuk Symbolic Cheque of N162.557bn for the construction of roads across the country. Mr Fashola was presented with the cheque on Monday in Abuja by the Minister of Finance, Budget and National Planning, Zainab Ahmed. She said one of …
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