Federal Executive Council

NIGERIA: FEDERAL EXECUTIVE COUNCIL HAS APPROVED MONEY FOR THE CONSTRUCTION OF ROAD IN THREE DIFFERENT STATES

Posted on by Gambeta News
NIGERIA: FEDERAL EXECUTIVE COUNCIL HAS APPROVED MONEY FOR THE CONSTRUCTION OF ROAD IN THREE DIFFERENT STATES

Federal Executive Council approves USD 53 million for road projects in the FCT, Oyo and Kano States. The Minister of Works and Housing, Mr. Babatunde Fashola, revealed to the State House correspondents that the road construction project for the three states has been approved.  “The second memorandum we presented was for the award of three roads in Igboho-Oloko-Agbonle in Oyo State and Gulu to Yaba town between the Federal Capital Territory and Niger State as…

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LOAN REQUEST FOR RURAL ELECTRIFICATION IN NIGERIA

Posted on by Gambeta News
LOAN REQUEST FOR RURAL ELECTRIFICATION IN NIGERIA

Nigerian Govt to request USD 200 million loan for rural electrification project. The Nigerian government approves a request to obtain a USD 150 million loan from African Development Bank (AfDB). More so, the loan will feature an additional USD 50 million fund from the Africa Grow Together Fund – a co-financing fund between AfDB and People’s Bank of China. The ministry of Power, Works and Housing intends to use this money to finance the ongoing rural electrification initiative….

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