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Despite Suspension, FG Pegs N1bn For National Carrier

Despite Suspension, FG Pegs N1bn For National Carrier         The Federal Government is to spend N1 billion on working capital for the yet to be established national carrier, according to the details of the 2021 appropriation bill. Since 2019, budgetary provision has been made for the national...

FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi

FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi         Minister of Transportation, Chibuike Amaechi, said, yesterday, that the Federal Government was set to apply for a $11billion loan to construct Lagos to Calabar rail. Amaechi made the disclosur y during an interactive...

Group Cautions FG Over Acclaimed $1.5bn Steel Plant Investment In Kaduna

Group Cautions FG Over Acclaimed $1.5bn Steel Plant Investment In Kaduna         The federal government has been advised to embark on thorough verification of data of investment of foreign investors in the country to further ascertain the investment status of foreigners for proper planning. This is contained...

FG Commences N75bn Support Fund Disbursement This Week

FG Commences N75bn Support Fund Disbursement This Week         Beginning from this week, the Federal Government will start paying grants to Micro, Small and Medium Enterprises that are successful to partake in the N75bn COVID-19 support schemes. On September 10, 2020, the Federal Government inaugurated two schemes...

FG Expecting One million MT Steel From $1.5bn Plant – Minister

FG Expecting One million MT Steel From $1.5bn Plant – Minister       The Federal Government has said that the $1.5bn steel plant that is nearing completion in Kaduna State will attract automobile industries to Nigeria when completed. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed...

FG To Invest N198.28bn In Power Projects

FG To Invest N198.28bn In Power Projects       The Federal Government is to invest N198.28bn on various capital projects in the power sector in different parts of the country in 2021. Different sectors in the power industry have been mapped out to partake in the N198.28bn fund...