ADVERTISEMENT

FEC approves $2.9bn Eurobond for capital projects

Finance minister wants speedy delivery of tax appeal cases
Mrs. Zainab Shamsuna Ahmed, Nigeria's Minister of Finance.

The Federal Executive Council (FEC) has approved $2.9billion Eurobond being part of the external borrowing plan to finance capital projects across the country.

The approval was granted at Wednesday’s FEC meeting presided over by President Muhammadu Buhari at the Council Chambers of the State House in Abuja.

ADVERTISEMENT

Minister of Finance, Zainab Ahmed, who stated this while briefing State House Correspondents at the end of the meeting, said the loan has been captured in this year’s Appropriation Act.

She also said $82.4million has been approved to meet the shortfall in previous Eurobond and that another $60million combination of loan and grant has been approved for empowerment programme in Niger Delta area of the country.

ADVERTISEMENT

She also said the council has approved N187.4million for the purchase of 600 bulletproof vests for the Nigeria Customs Service (NCS) to fight illegal importation of rice. She said the contract has eight months delivery period.

The Minister said so far N460billion has been released for this year’s capital projects.

 

Details later…


Share this article

BARRISTER Anthony Woke Up At About 12Midnight To Urinate. He Almost Fainted When He Just Couldn't Pee: ENLARGED PROSTATE!!!

ALHAJI Ahmed Pees 7 Times At Night, More At Daytime: PROSTATE ISSUES!!!

ANY MAN ABOVE 40 Shouldn't Wait For This Crisis! PREVENT PROSTATE CANCER!

PREVENT Or SHRINK Your Enlarged PROSTATE Within 15 Days Without Surgery!!! Click To See HOW!

Join us on


Send DTM to 4900 (MTN) or DTM to 655 (Etisalat) for regular updates and more

Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com Or use this form

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.