The World Bank has approved a total of $8.40bn (about N12.89tn) in fresh loans to Nigeria within the last two years. The new approvals, which span from June 2023 to …
BusinessDevelopmentEconomyFinanceInfrastructurePolitics
Tag:
infrastructure funding
-
-
Finance & ServicesGOVERNMENTInfrastructureNigeriaTransportation & Logisitics
FG Needs ₦880bn Annually to Maintain Roads, but Key Funding Law Ignored Since 2007
The Federal Government needs to spend around ₦880 billion every year to maintain the country’s federal road network properly, according to Minister of State for Works, Mohammed Goroyo. However, the …
-
EconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaPolitics
Nigeria’s Public Debt May Rise Beyond ₦182tn as Tinubu Seeks Fresh $24bn Loan
President Bola Ahmed Tinubu has asked the National Assembly to approve new foreign loans amounting to $24.14 billion. If the lawmakers give the go-ahead, Nigeria’s total public debt may jump …
-
Banking, Finance & InvestmentBusiness and EconomyEastern AfricaEconomyEnergyHealthcareTransportation & Logisitics
Uganda Signs $800 Million Deal with Islamic Development Bank for Key Infrastructure Projects
Uganda has secured a $800 million financing agreement with the Islamic Development Bank (IsDB) to fund major infrastructure projects aimed at boosting trade and development across the country. The deal …
-
EconomyFinance & ServicesGOVERNMENTInfrastructure
Ondo Govt Eyes Pension Funds for Infrastructure Projects
Governor Lucky Aiyedatiwa of Ondo State says his administration is actively exploring ways to channel pension funds into infrastructure development, as part of a broader plan to stimulate economic growth …
-
BusinessDevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaWestern Africa
CBN Says Strong Banks Are Key to Nigeria’s $1 Trillion Economy Target
The Central Bank of Nigeria (CBN) has said that Nigeria needs strong, stable, and resilient banks if the country wants to achieve the $1 trillion economy target by the year …