Sunday, January 26, 2020
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NEC Approves N2trn Loan from Pension Fund for Infrastructure

By Mathew Dadiya, Abuja The National Economic Council (NEC) has disclosed that plans are being concluded to invest N2 trillion from the N9.56 trillion Pensions Fund under the National Pension Commission (PENCIM) to finance critical infrastructure like roads, power and rail projects by 2020. The fund, according to the council, would be invested in the Nigeria Sovereign Investment

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FG Reveals Spending Plan for $22.7bn External Loan

By Orkula Shaagee, Abuja The $22.7 billion requested by President Muhammadu Buhari in the three-year External Borrowing Plan would be invested in infrastructural development, the Federal Government has said. Minister of Works and Housing, Mr Babatunde Fashola and his counterparts in the Ministry of Finance, Mrs Zaynab Ahmed and that of State, Transport, Ms Gbemisola Saraki disclosed this at a public hearing before the joint house committees yesterday. The house committees are Aids, Loans

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President Muhammadu Buhari in Handshake with the Senate President, Ahmad Lawan

Again, Buhari Seeks Senate Approval to Borrow $30bn

…Writes NASS for Companies Act Amendment …Leaves Abuja for Equatorial Guinea By Mathew Dadiya, Abuja  President, Muhammadu Buhari has sought the approval of the Senate to borrow about $30 billion for infrastructural development in the country, which he tagged: “Economic Stimulus Infrastructure Fund.” The President’s request was conveyed in a letter to the Senate President, Ahmed

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