Nigeria Secures $500m Loan To Support Energy Transition Programme The African Development Bank (AfDB) Group has approved a loan of $500 million to Nigeria to finance the first phase of the economic governance and energy transition support programme (EGET-SP). EGET-SP is an initiative aimed at accelerating...

FG Seeks $500m World Bank Loan For Water Resource Management The Federal Government has requested a $500m loan from the World Bank to improve dam safety and enhance water resource management across the federation. This loan is expected to address the country’s water security challenges and...

SERAP Sues CBN Over Failure to Account for N100bn 'Bad Notes' Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the over N100 billion ‘dirty and...

Minimum Wage: Senate Seeks Inclusion of Domestic Servants   The Senate, yesterday, demanded the inclusion of domestic servants in the proposed N70,000 National Minimum Wage Scheme. The red chamber also justified the need for their compulsory documentation with a proposed federal agency for proper and adequate monitoring. The...

World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector   The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of this sum, Adelabu said Nigeria will...

2024 Budget: FG Allocated N732bn For Empowerment, Higher Than Health Projects Allocation   Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track, and give feedback on public projects in their communities, has discovered N732.5 billion worth of empowerment projects in the 2024 federal...