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Reps Condemn $750m Yearly Loss To Gas Flaring

Reps Condemn $750m Yearly Loss To Gas Flaring       The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the flared gas could have been used to generate electricity for the country. The Federal Government has, however, said it is committed...

Fed Govt Processing $750m World Bank Loan For States

Fed Govt Processing $750m World Bank Loan For States         The Federal Government has said it is processing a World Bank loan of $750 million on behalf of state governments, to stimulate the local economy as well as support vulnerable household’s consumption. The Minister of Finance, Budget...

Fed Govt Says $750m Loan To Complement COVID-19 Stimuli

Fed Govt Says $750m Loan To Complement COVID-19 Stimuli         The Federal Government of Nigeria said the proposed $750 million loan for states under its Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) would complement other economic stimulus programmes. The Minister of State for Finance, Planning and...

World Bank Approves $750m For Nigeria’s Power Sector

World Bank Approves $750m For Nigeria’s Power Sector     The World Bank has approved a $750 million International Development Association credit for Nigeria’s Power Sector Recovery Operation. This was contained in a statement issued by the bank on Wednesday. The statement quoted World Bank Country Director for Nigeria,...

33 States Benefit From W/Bank’s $750m Fiscal Programme

33 States Benefit From W/Bank's $750m Fiscal Programme   The World Bank has said that about 33 states of the federation are currently benefiting from its $750m States Fiscal Transparency, Accountability and Sustainability Programme. The World Bank Country Director, Shubham Chaudhur, said this on Tuesday in Abuja...