Tag: fund
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Alau Dam: FG urged to investigate Ecological Fund utilisation in Borno
More Nigerians have joined the call for the Federal Government to launch an investigation into the N231.07 million spent on Alau Dam repairs in 6 years, as well as the utilization of ecological funds collected by Borno state. Participants made the demand during an anti-corruption radio program, “Public Conscience,” produced by the Progressive Impact Organization…
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Tinubu endorses N683bn intervention fund for tertiary institutions
President of Nigeria, Asiwaju Bola Tinubu has approved N683,429,268 billion as the 2024 intervention fund for public tertiary schools in Nigeria. Sonny Echono, Executive Secretary of Tertiary Education Trust Fund disclosed this on Friday at the Fund’s strategic planning meeting with heads of beneficiary institutions in Abuja. He said that from the total, 90.75 per…
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AfDB approves $20m equity investment to boost infrastructure
The Board of Directors of the African Development Bank (AfDB) Group, has approved an equity investment of US$ 20 million to mobilise private capital for infrastructure development across the continent. The bank, in a statement on its website, said that the fund was part of Africa’s 50 Infrastructure
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Google announces $4m funding for 60 startups in Africa
Google on Tuesday announced the selection of 60 eligible startups across Africa with $4 million dollars funding to enable them to scale up their ongoing work.
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Rivers Govt. to access N15bn CBN Infrastructure fund
The Rivers state Executive Council, on Wednesday, gave its approval for the state government to access N15 billion facility from the Central Bank of Nigeria (CBN’s) Infrastructure Fund, to enable the state complete three critical projects.
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2022 Budget: We’ll borrow more to fund N6tn deficit – FG
The Federal Government on Wednesday announced plans to finance the proposed 2022 budget deficit pegged at N6.258 trillion through fresh borrowings. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during a press conference after the Federal Executive Council (FEC) meeting in Abuja, adding that this will aid the funding of the Federal…
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Google funds hub for disbursement of $100,000 fund to startups in Africa
Co-creation Hub (CcHUB) on Thursday announced a partnership with Google for Startups to lead the disbursement of the Black Founders Fund Africa. The fund would provide grants and technical support to early-stage startups in Africa to grow their companies and create meaningful impact in their communities. Mr Bosun Tijani, the Chief Executive Officer (CEO) of…
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Minister releases update on N75 billion youth investment fund
The Minister of Youth and Sports Development, Sunday Dare has released an update on what Nigerians should know about the N75 billion Nigeria Youth Investment Fund (NYIF). Recall that President Muhammadu Buhari recently led the Federal Executive Council to approve the establishment of the N75 billion NYIF, with the Ministry of Youth and Sports Development…
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Customers to Enjoy Access to Funds, Flexible Repayment Plans with New UBA Credit Card
Pan African financial institution, United Bank for Africa (UBA) Plc, has introduced the new UBA Naira Credit Card to its teeming customers in fulfilment of its promise to ease accessibility to funds and improve the overall standard of living. With the new UBA Naira Credit Card, customers whose salary accounts have been domiciled with the…
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‘How Ex-Air chief got N6b from NAF funds’
The Federal High Court in Lagos yesterday heard that former Nigeria Air Force (NAF) Chief of Accounts and Budgeting, Air Vice Marshal Jacob Adigun, admitted to have received N6billion from NAF for his personal benefit. The Economic and Financial Crimes Commission (EFCC) arraigned him along with former Chief of Air Staff Air Marshal Adesola Amosu…