Tag: Bailout
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COVID-19: FG approves N4bn bailout for indigenous airlines
The Federal Government has approved N4 billion as a bailout fund to airlines to cushion the effects of the impact of the devastation of COVID-19 on their operations. Aviation Minister, Hadi Sirika made the disclosure on Monday in Abuja at a three day public hearing to repeal and enact Acts of Nigerian Civil Aviation Authority…
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Flood: Osinbajo approves release of N1.6bn bailout to Lagos, Niger, Enugu, 12 other states
Sequel to the devastating effects of the heavy downpour last week on most states in the country, the Acting President, Prof. Yemi Osinbajo, has directed the Minister of Finance, Kemi Adeosun, to immediately release N1.6 billion for the 15 states ravaged by floods. The states include; Ekiti, Osun, Akwa Ibom, Kebbi, Niger, Kwara, Ebonyi, Enugu,…
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Help! Nigerian pharmaceutical industry needs over N30bn bailout – Okoli
The Chief Executive Officer of Emzor Pharmaceuticals, Dr Stella Okoli, on Monday said the pharmaceutical industry was in need of urgent government intervention, as it required injection of funds in the region of N30 billion. Okoli told newsmen at an interactive session in Lagos that injection of funds by the government would help the industry…