• .
  • News
  • Economy
  • Politics
  • World
  • TLP Life
  • Sport
  • Tech
  • Editorial
Saturday, February 16, 2019
The Leading Post
  • .
  • News

    IIEV Felicitates With Ambode’s Wife At 55

    Onnoghen Appears At Code Of Conduct Tribunal

    Army: Ignore IPOB’s Social Media Propaganda

    AIB Releases Report On Osinbajo’s Helicopter Crash

  • Economy

    NBS: Nigeria’s Inflation Drops By 0.07 Percent In January

    Ecobank Assures Customers Of A Memorable Valentine

    Asian Shares Subdued After Trump’s Speech

    SON Packages Standards For Indigenous Food

  • Politics

    Four Police Commissioners To Monitor Election In Ogun

    Ambode: We’ll Launch e-Procurement Platform In 3 Weeks

    Gunmen Attack INEC Vehicle In Benue State

    February 16th, More Than A Choice Between APC And The Opposition – Buhari

  • World

    Border Security Bill Passed By U.S Senate

    Meghan Markle’s Father Shares Alleged Letter From His Daughter

    U.S. Senate Approves Trump’s Nominee For Attorney General

    US campaigns against Huawei’s 5G Mobile Network, Germany decides

  • TLP Life
    • All
    • Celebrity
    • Events
    • Fashion
    • Movies
    • Music
    • Style

    VIDEO: CDQ ft. King Promise – Flex (Remix)

    Gentle – Sarafina

    Akpororo – Biggi God

    Frank Edwards Premieres ”Happiness” Video

    Davido, Cardi B, others to perform at Belgium Festival

    Christina Aguilera relocates to Las Vegas

    Chris Brown sues for defamation over Paris rape allegation

    Nigeria’s Okwuchi Makes America’s Got Talent finals

    Jussie Smollett Allegedly Attacked In Possible Hate Crime

  • Sport

    Tennis: Spain Get Tough Draw In New Davis Cup Finals

    Chelsea in need of morale boost on Europa trip to Sweden

    PSG power shows how far Man United have fallen

    Lingard and Martial injuries put focus on Sanchez

  • Tech

    Nigeria seen as a key driver of growth in emerging market digital sales by 2022

    ‘Defining moment’ for Tim Cook as Apple looks beyond the iPhone

    10 predictions for Nigeria’s digital payment landscape in 2019

    Western Digital expands product range in Nigeria

  • Editorial

    Understanding the Guber Imbroglio in Imo State

    Privatize Nigeria’s oil industry? Easier said than done

    How U.S., Europe, Israel and the Gulf States Nurtured ISIS

    INEC and Its Trust Problem

No Result
View All Result
  • .
  • News

    IIEV Felicitates With Ambode’s Wife At 55

    Onnoghen Appears At Code Of Conduct Tribunal

    Army: Ignore IPOB’s Social Media Propaganda

    AIB Releases Report On Osinbajo’s Helicopter Crash

  • Economy

    NBS: Nigeria’s Inflation Drops By 0.07 Percent In January

    Ecobank Assures Customers Of A Memorable Valentine

    Asian Shares Subdued After Trump’s Speech

    SON Packages Standards For Indigenous Food

  • Politics

    Four Police Commissioners To Monitor Election In Ogun

    Ambode: We’ll Launch e-Procurement Platform In 3 Weeks

    Gunmen Attack INEC Vehicle In Benue State

    February 16th, More Than A Choice Between APC And The Opposition – Buhari

  • World

    Border Security Bill Passed By U.S Senate

    Meghan Markle’s Father Shares Alleged Letter From His Daughter

    U.S. Senate Approves Trump’s Nominee For Attorney General

    US campaigns against Huawei’s 5G Mobile Network, Germany decides

  • TLP Life
    • All
    • Celebrity
    • Events
    • Fashion
    • Movies
    • Music
    • Style

    VIDEO: CDQ ft. King Promise – Flex (Remix)

    Gentle – Sarafina

    Akpororo – Biggi God

    Frank Edwards Premieres ”Happiness” Video

    Davido, Cardi B, others to perform at Belgium Festival

    Christina Aguilera relocates to Las Vegas

    Chris Brown sues for defamation over Paris rape allegation

    Nigeria’s Okwuchi Makes America’s Got Talent finals

    Jussie Smollett Allegedly Attacked In Possible Hate Crime

  • Sport

    Tennis: Spain Get Tough Draw In New Davis Cup Finals

    Chelsea in need of morale boost on Europa trip to Sweden

    PSG power shows how far Man United have fallen

    Lingard and Martial injuries put focus on Sanchez

  • Tech

    Nigeria seen as a key driver of growth in emerging market digital sales by 2022

    ‘Defining moment’ for Tim Cook as Apple looks beyond the iPhone

    10 predictions for Nigeria’s digital payment landscape in 2019

    Western Digital expands product range in Nigeria

  • Editorial

    Understanding the Guber Imbroglio in Imo State

    Privatize Nigeria’s oil industry? Easier said than done

    How U.S., Europe, Israel and the Gulf States Nurtured ISIS

    INEC and Its Trust Problem

No Result
View All Result
The Leading Post
No Result
View All Result

FG spends N460bn from 2018 budget on capital projects

by Nemi Belema
4th November 2018
in News
0
10
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Federal Government on Wednesday said it has released over N460 from the 2018 national budget, which Udo Udoma, minister for Budget and National Planning, said was spent on capital projects.

This is coming as Nigerian President Muhammadu Buhari on Tuesday asked lawmakers to approve the issuance of a $2.79 billion Eurobond, to help finance the budget deficit and to fund infrastructure projects.
Udoma who spoke on the sidelines of the ongoing International Monetary Fund (IMF)/World Bank Group annual meetings in Bali, Indonesia, said “we have to keep on growing, we are focused on working and are not distracted by electioneering. The president has instructed us to remain focused. We are happy IMF has spoken well about Nigeria”.

“We expect that by the end of this year, we will be growing by 2.1 percent, things are going well in Nigeria, not as well as we want to be, we are working hard to improve things. We are in stronger position than 2015. Our foreign reserves are $44 billion and we have a trading surplus whilest our imports are not increasing, we have been able to manage those imports. All the indices are positive”,Udoma said.

Also speaking with journalist in Bali, Zainab Ahmed, minister of finance disclosed that there were discussions around the possibility of Nigeria increasing its shareholding just like Afrexim that has a very large portfolio of about 40 percent in Nigeria.
She also disclosed that were discussions around setting up some industrial parks in partnership with the federal ministry of industry, trade and investment in three centres; Lekki, Kano and Kaduna.

On the issue about raising the federal government stake at the bank, she said, “When we have a consensus, we will join. That discussion is being driven by the federal ministry of Industry, Trade and Investment. That we will need to consider increasing our shareholding in the bank because there is a lot of value that we are getting from Afreximbank.”
“Other things we discussed included setting up a medical park in FCT which is a discussion that has been going on for quite a long time, there is also some quality assurance centres in Ogun and some other parts of the country”.

Benedict Oromah, president of Afreximbank, in terms of business in Nigeria, the bank has exposure of more than $3.2 billion.

“We are supporting virtually all the banks in terms of lines of credit to be able to do import and export and support SMEs. We also support private businesses in manufacturing. Beyond that, we are pursuing other impactful initiatives. We are finalizing arrangements to begin developing a centre of excellence for healthcare. We want Nigeria to have facilities to take care of complex diseases, oncology, haematology, cardiovascular and other complex diseases”, Oromah said

Download WordPress Themes Free
Download WordPress Themes Free
Download Premium WordPress Themes Free
Premium WordPress Themes Download
free online course
download xiomi firmware
Download WordPress Themes
free download udemy course
Share10TweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Nemi Belema

Nemi Belema

Stay Connected

  • 26.6k Fan
  • 108 Follower
  • 198 Follower
  • Trending
  • Comments
  • Latest

Latest Unique Ankara styles for Ladies in 2018 and 2019

11th December 2018

LADIES: SEE PICTURES OF LATEST ANKARA STYLES 2019

24th December 2018

Latest Ankara Styles From Nigeria 2018/2019

30th November 2018

Nigerian Mens Traditional Fashion Styles 2018/2019

21st December 2018

IIEV Felicitates With Ambode’s Wife At 55

15th February 2019

Four Police Commissioners To Monitor Election In Ogun

15th February 2019

NBS: Nigeria’s Inflation Drops By 0.07 Percent In January

15th February 2019

Border Security Bill Passed By U.S Senate

15th February 2019

Recent News

IIEV Felicitates With Ambode’s Wife At 55

15th February 2019

Four Police Commissioners To Monitor Election In Ogun

15th February 2019

NBS: Nigeria’s Inflation Drops By 0.07 Percent In January

15th February 2019

Border Security Bill Passed By U.S Senate

15th February 2019
Facebook Twitter Instagram Tumblr Youtube
The Leading Post

The Leading Post is a go-to news source for high quality journalism, impactful news and insightful information about the environment we live in and the world beyond.

Editorial

Understanding the Guber Imbroglio in Imo State

21st January 2019

Copyright © 2018 TheLeadingPost. All Rights Reserved

No Result
View All Result
  • Home
  • Business
  • Editorial
  • Entertainment
  • Fashion & Style
  • Featured
  • Politics
  • Sport
  • Technology
  • World

Copyright © 2018 TheLeadingPost. All Rights Reserved

×
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.