Eko Hot Blog reports that the President of the African Development Bank (AfDB), Akinwunmi Adesina, has said that he sympathises with President Bola Ahmed Tinubu’s government over the country’s economic challenges. Adesina pledged the sum of $1.8bn in budget as support, saying that about $1bn out of the amount will be issued as a concessionary … Read more
Eko Hot Blog reports that the African Development Bank (AfDB) has concluded plans to commence the disbursement of $540 million to the first phase of States in Nigeria for the development of Special Agro-Industrial Processing Zones (SAPZs). Vice President Kashim Shettima called for immediate action, saying it was time for the government and its development … Read more
The loans were to finance critical infrastructural projects across the country EKO HOT BLOG reports that the Senate, on Wednesday, approved the federal government’s request to borrow $16.2 billion (about ₦6.651 trillion at ₦475/$ rate), €1bn (₦474.190bn) and a grant of $125 (₦51.3bn) under the 2018-2020 External Borrowing (Rolling) plan, totalling ₦7.635 trillion. The approval … Read more