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Ahmed Lawan, Senate president,

Conditions for IMF’s $3.4 billion loan to Nigeria

Conditions for IMF’s $3.4 billion loan to Nigeria

Nigeria’s $3.4billion IMF loan comes with many charges, fees, surcharges and interest of between two to three percent per annum, and further devalues the Naira to N389.976/USD as against CBN’s N360/USD. As expected the International Monetary Fund, IMF, yesterday approved Nigeria’s application for $3.471.83 billion to bridge shortfalls in the 2020 budget and respond to

Ahmed Lawan, Senate president,

Senate Approves Buhari’s N850 Billion Loan Request

President Muhammadu Buhari is seeking domestic and foreign loans to bridge the liquidity crisis caused by the COVID-19 crisis in the 2020 budget. The National Assembly resumed plenary today after a five-week COVID-19 recess and the Senate immediately approved President Muhammadu Buhari’s request for N850 billion loan to fund shortfalls in the 2020 budget. Ahmed

COVID-19 Patients

COVID-19 Test is Free, Says Lagos State Government

Lagos State Commissioner for Health, Prof. Akin Abayomi, has  said that  COVID-19 tests in all approved testing centres in Lagos State are carried out  free of charge.Reacting to alleged reports of patients paying N30,000 for COVID-19 tests at the Nigeria Centre for Disease Control, NCDC, approved centres in Lagos; Abayomi said no designated testing centre

Askia Ogieh photo

Blow the Whistle on Contractors Doing Shoddy Jobs – Askia Ogieh

DESOPADEC Boss charges Community Leaders The Managing Director of Delta State Oil-Producing Areas Development Commission (DESOPADEC), Askia Ogieh has tasked community leaders to report all noticeable shoddy jobs by the Commission’s contractors to it for sanctions and possible determination.  Unfolding his action plan for 2020 in a new year message to staff and stakeholders, Askia said

Clement Agba Photo

Early Budget Passage’ll ensure Execution of Capital Projects – Clement Agba

Early Budget Passage’ll ensure Execution of Capital Projects that will benefit Nigerians in 2020, says Agba, Minister of State Budget, National Planning The Minister of State, Budget and National Planning, Clement Agba is excited at the early passage of the 2020 national budget by the National Assembly and its timely assent to it by the

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