By Jeleel Olawale Governor Adeleke’s decision to establish the Ministry of Cooperatives and Empowerment reflects his understanding of the significant impact that cooperative societies have on the grassroot economy. This has boosted micro-credit and small scale businesses in the state…
The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s interventions and agricultural funding through the Central Bank of Nigeria (CBN). Also included in the probe is the Nigeria Incentive-Based…
By Opeyemi Abdulsalam The World Bank is providing a $750 million loan to Nigeria to support the federal government’s policy reforms. The loan’s purpose was disclosed in a programme appraisal document dated May 17, 2024. The document outlined the terms…
The federal government of Nigerian is requesting a $500 million loan from the World Bank to repair rural roads, enhance agricultural product access, and combat rising food prices. The World Bank stated that this loan will benefit 92 million rural…
By Opeyemi Abdulsalam The World Bank has approved two financing facilities of $2.25 billion for Nigeria to support the Federal Government’s efforts to stabilize the economy. This was disclosed in a statement signed by the ministry’s director of information and…
…Considers tapping domestic dollar savings The Federal Government has revealed its intention to obtain a loan facility of $1.5 billion from the World Bank. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun stated this in an…
In a recent report by the Postmortem Sub-Committee of the Federal Account Allocation Committee (FAAC), it has been recommended that the Federal Government refund the loan of approximately N228 billion it took from the non-oil excess revenue account to finance…
…As Minister pledges to respect CBN autonomy, Ways & Means borrowing limit The Federal Government of Nigeria is eyeing a $1.5billion World Bank loan to finance the country’s budget. This follows the falling oil prices and shortfall of production projected…
In a move to empower and uplift adolescent girls in Nigeria, the World Bank has granted a fresh loan of $700 million. This funding will be allocated to the ongoing Adolescent Girls Initiative for Learning and Empowerment project, aiming to…
By Sodiq Adelakun The Federal Government has extended the $3.4bn loan Nigerian government owe the Internatinal Monetary Fund (IMF) by 2027. The International Monetary Fund (IMF) has agreed to extend Nigeria’s deadline for repaying a $3.4 billion loan to 2027.…
