The Federal Government has said it was looking the way of the International Monetary Fund, IMF, and the World Bank for some of its external borrowings to boost the economy out of recession.
According to the government, both institutions have some “concessionary terms” attached to...
The World Bank says it has disbursed a total of $7.24bn to Nigeria from 2012 to date.
Statistics obtained from the bank’s web portal has also showed that its current portfolio in Nigeria stood at $8.26bn as of July.
However, a total of $4.69bn, which has...
The Fadama II Additional Financing project financed by the World Bank has supported a total of 10,845 farmers in the last 10 months.
The support, according to the Kano State Coordination Office of Fadama, was facilitated through the signing of a Memorandum of Understanding between...
In fulfilment of its commitment to increasing power supply in the country and further tapping into the ‘gas to power’ value chain, the Federal Government has signed a number of agreements that will add more than 500 MW electric power to the National Grid.
Specifically...
The World Bank and International Monetary Fund, IMF, have piled pressure on the Federal Government to come up with an economic blueprint, if its drive for foreign loans was not to be stalled. Vanguard gathered that officials of both financial institutions have questioned the...
Details of the federal government’s $29.96 billion External Borrowing (Rolling) Plan for 2016-2018 have revealed that 61.2 per cent of the foreign loans have been earmarked for bankable infrastructure projects while social programmes in health and education, the federal government’s budget support facility, agriculture...
