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Tag: muhammadu buhari

Please Don’t Borrow $30 Billion

My article of last week which was in praise of Hajia Aisha Buhari, elicited some angry responses from a few of my readers. I assume that there may be many more who disagreed with my thesis but did not get around to comment on...

Militants Claim Responsibility for NPDC Trunkline Attack

Isoko militant group, Niger Delta Greenland Justice Mandate (NDGJM) has claimed that it bombed the 32-inch Effurun-Otor delivery line operated by the Nigerian Petroleum Development Company (NPDC). The group said in a statement signed by its spokesman. Aldo Agbalaja, that its action was in protest...

Buhari to Launch $10bn Niger Delta Reconstruction Fund

...Says Nigeria’s survival still depends on oil Industry ...Kachikwu predicts Nigeria’s JV review will lead to oil investment boom   The federal government under the watch of President Muhammadu Buhari plans a $10 billion infrastructure development fund for the oil-rich but restive Niger Delta, the Minister of...

Govt to Raise $25.46bn from World Bank, IDB, AfDB

The Federal Government will seek to borrow $25.46bn from multilateral and bilateral development agencies, including the World Bank and the Islamic Development, between now and 2018. Other agencies the Federal Government will resort to for funds to complement the dwindling resources from oil and gas...

Nigeria’ll Return as Africa’s Largest Economy- IMF

Nigeria is set to overtake South Africa and reclaim its spot as the biggest economy in Africa at the end of the year, the International Monetary Fund has predicted. In its latest report, the IMF projected that Nigeria’s Gross Domestic Product would hit $415.08bn at...

Coalition of Civil Society Backs Buhari’s Economic Team, CBN’s Monetary Policies

The Coalition of Civil Society Groups in Nigeria have come out in defense of President Muhammadu Buhari’s Economic Team and the monetary policies of the Central bank of Nigeria(CBN) led by Mr. Godwin Emefiele. In a protest led by the President of the Coalition Mr....