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Tag: $6 Billion

U.S. To Increase Africa’s Yearly Development Finance To $6bn

U.S. To Increase Africa’s Yearly Development Finance To $6bn       The United States of America (USA) plans to increase its annual development finance to Africa by 20 per cent from about $5 billion to some $6 billion. Chief Operating Officer, U.S. International Development Finance Corporation (DFC), David...

‘Over $6bn Spent On Wheat Import’

‘Over $6bn Spent On Wheat Import’     Over $6billion wheat were imported in the last five years, it was learnt. The huge amount of money, findings revealed, was used to import the commodity between 2016 and August 2020. Sources at the Federal Ministry of Finance (FMoF) said,...

Nigeria Needs $6bn To Develop 5m tons LPG Infrastructure

Nigeria Needs $6bn To Develop 5m tons LPG Infrastructure     At least $6 billion is required to develop infrastructure to enable Nigeria achieve the 2023 target of five million tons of liquefied petroleum gas (LPG) also called cooking gas consumption. Programme Manager, National Liquefied Petroleum Gas Expansion...

Ibadan-Kano Rail: FG Negotiates $6bn Chinese Loan

Ibadan-Kano Rail: FG Negotiates $6bn Chinese Loan The Federal Government is currently negotiating a loan of about $6bn with the China Export-Import Bank for the construction of the Ibadan-Kano rail line. It has also approved $195m for the security of Nigeria’s waterways by an Israeli firm...