Business

Ondo to spend N76.97bn on infrastructure in 2023

The Ondo State Government would expend N76. 97 billion on infrastructural development in 2023, the Commissioner for Economic, Planning and Budget, Pastor Emmanuel Igbasan, said on Monday. Igbasan, at a news briefing on the analysis of the state 2023 approved…

Eko DisCo earmarks N18bn for capital expenditure

The Chief Executive Officer, Electricity Distribution Company (EKEDC), Dr Tinuade Sanda, says the company has earmaked N18 billion for capital expenditure for the year. Sanda said this at a news conference on Thursday in Lagos. She said the company would…

FG releases N13.89bn pension for 2022 retirees

The National Pension Commission (PenCom), on Thursday, said the Federal Government had released N13.89 billion for payment of Accrued Pension Rights (APRs) of 2022 retirees of Ministries, Departments and Agencies (MDA’s). The commission said this in a statement on its…

Railway debt servicing gulps N246bn

The Federal Government spent $548.67million (N246.11billion using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria) to service railway-related debts between 2016 and 2022, according to Nigeria’s external debt service payments reports by the…