FG has disclosed that the N2 trillion it intends to borrow from the current N10 trillion pension funds will be through bonds.
Around 2013/2014, Nigeria’s pension fund asset was at about 4.21 trillion naira.
FG, after the NEC meeting, had resolved to borrow N2 trillion from the current N10 trillion pension funds.
FG has concluded plan to borrow N2 trillion from the current N10 trillion pension funds to finance the development of infrastructure.
The Federal Government (FG) has cautioned some state governments against their decision to increase the Right of Way (RoW) charges. #NCC,#RoW
NEC has approved an additional investment of $250 million into the NSIA, the nation's sovereign wealth fund.
The Federal Government has negotiated with States Governors on the initially planned bulk deductions of bail-out funds.
The Federal Government of Nigeria (FGN) has disclosed that the country’s foreign reserve is expected to increase by $150 billion in the next 10 years through the ‘Zero oil plan’ initiative.
On this episode of the #MoneyMetroPodcast, @Ugodre and the guys looked out the newly inaugurated National Economic Council amongst other issues.
President Muhammadu Buhari has inaugurated the National Economic Council (NEC) which will help to steer/oversee the country's economic ambitions for the next four years.