News

FG gets $800m world bank grant for subsidy palliatives

The Federal Government of Nigeria has announced an $800 million grant from the World Bank, targeting 50 million vulnerable Nigerians or 10 million households, as part of its subsidy palliative measures.

Mrs. Zainab Ahmed, the Minister of Finance, Budget, and National Planning, made the announcement shortly after the Federal Executive Council meeting chaired by President Muhammadu Buhari today.

Ahmed informed that engagements are ongoing with the newly established Presidential Transition Council (PTC) and the incoming administration, to drive the palliative program, which includes the need for buses among various considerations.

Meanwhile, the Federal Government has approved the sum of 10.9 billion nairas for the supply and installation of information and communication technology components for the 2023 National population census scheduled to hold in May.

This was part of the approvals by FEC today chaired by President Muhammadu Buhari.

admin

Recent Posts

Ford Trims Workforce: 4,000 Jobs to Go in Europe

US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in…

1 day ago

Tinubu Dissolves UNIZIK Council, Sacks VC, Registrar, Otukpo Pro-Chancellor

  President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe…

1 day ago

Ekiti Workers to Earn N70,000 Minimum Wage as Govt Signs MoU with Unions

  The Ekiti State Government has reached an agreement with labour leaders in the state,…

2 days ago

N610bn Constituency Projects Under ICPC Scrutiny in 21 States, FCT

  The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has initiated the seventh…

2 days ago

Iraq Undertakes Historic Census After 40-Year Gap

Iraq is holding its first nationwide census in nearly four decades this week, a long-awaited…

2 days ago

Relief as Rep ‘Lafi’ Empowers 300 Constituents Through Skill Acquisition Programme

  Over 300 constituents of Akinyele/Lagelu Federal Constituency in Oyo State benefitted from a skill…

3 days ago