$1.1bn Brazilian Loan: FG To Create 5 Million Jobs Up to five million new jobs will be created in a fresh $1.1bn agricultural loan project with the Brazilian Government, the Nigerian Government disclosed in Abuja on Thursday. The loan is sourced under a Nigeria-Brazil bilateral project,...

FG, State Borrows N1.16trn From Equity Market To finance its fiscal and infrastructure deficits owing to paucity of funds, the Federal Government had borrowed about N1.16trn from the equities market in 2018, including the maiden N100 billion Sukuk designed to fund critical road network across...

FG Gives Reason For Borrowing The Federal Government on Thursday said that it was necessary to continue to borrow in order to invest in infrastructure after the country failed to invest in it when there were heavy revenues from the sale of crude oil. Minister of...

Debt Servicing: FG Proposes To Spend N2.26trn This Year The Federal Government has proposed to spend a total of N2.26trn on debt servicing in the 2019 fiscal year. This was contained in the detailed budget proposal which was obtained by our correspondent in Abuja. The proposal for...

FG Budgets N160bn For Civil Servants’ Salary Increase The Federal Government has budgeted a total of N160bn this year to take care of adjustments that may arise as a result of the planned increase in minimum wage. The amount is contained in the 2019 budget proposal...

FG To Approve N4bn Pension Money For Professors, Perm Secs The Federal Government is set to release N4bn to kick-start the payment of full salaries as minimum pensions for some categories of retirees under the Contributory Pension Scheme as mandated by the Pension Reform Act...