Tag: fund
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BPE to raise N300b to fund 2018 Budget – DG
The Director General, Bureau of Public Enterprises (BPE), Dr Alex Okoh on Monday said the Bureau will generate over N300 billion from privatisation and commercialisation to support the 2018 budget financing. Okoh spoke in Lagos at the Stakeholders Media Interactive Forum organised by the Enterprise and the Stakeholders Engagement Committee of the National Council on…
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How Buhari will fund 2019 elections should Saraki fail to pass INEC budget – Sagay
Presidential Advisory Committee against Corruption (PACAC) Chairman Prof Itse Sagay (SAN) on Wednesday said the Federal Government could fund next year’s general election by invoking the doctrine of necessity should the National Assembly fail to pass the budget. According to him, the overriding necessity of elections and survival of democracy supersede the National Assembly’s powers…
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What Buhari wants to achieve with outrageous $1bn Boko Haram fund – PDP
The Peoples Democratic Party (PDP) has said President Muhammadu Buhari is not sincere with the recently approved $1 billion to procure equipment to fight Boko Haram insurgents in the North East. The party, therefore, urged Nigerians to reject the approval of the fund. The opposition party also urged the National Assembly to commence appropriate constitutional…
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$1b ECA: Ekiti Council Chairmen ask court to void approval for fund’s withdrawal
Sixteen Local Government Chairmen in Ekiti State have asked the Federal High Court in Abuja to void the approval given for the Federal Government to withdraw $1billion from the Excess Crude Account of the Federation for the prosecution of its fight against Boko Haram. Their request is contained in a suit they filed, listing the…
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NiMES 2017: IT expert calls for Technology Development Fund for start-ups
Information Technology expert, Dr Chris Uwaje has called on the Federal Government to create a National Information Innovation Technology Development Fund for start-ups. Uwaje, a former President of the Institute of Software Practitioners of Nigeria (ISPON) made the call on Thursday in Lagos, during the 2017 Nigeria Mobile Economy Summit and Expo (NiMES). He said…
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‘What Alison-Madueke’s loot can fund in Nigeria’
The Buhari Media Support Group (BMSG) on Thursday in Abuja, said the stolen funds traced to former Petroleum Minister, Diezani Alison-Madueke, could fund infrastructure development in the country. Specifically, the group said in a statement by its Chairman, Austin Braimoh, and Secretary, Cassidy Madueke, that government could build six world-class airports in each geo-political zone…
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AfDB gets fund manager for ETF in Africa, approves $25m for ADBF
The African Development Bank (AfDB) has appointed MCB Investment Management (MCBIM), a subsidiary of MCB Capital Markets, as fund manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa. Stefan Nalletamby, the AfDB’s Director for Financial Sector Development, commented: “In developing markets, it is particularly important for the lead institutions to act…