The World Bank has announced the approval of $2.25 billion in financial and technical support for Nigeria. The facility is in two folds: $1.5 billion for the Nigeria Reforms for Economic Stabilization to Enable Transformation Development Policy Financing Program and $750 million for the Nigeria Accelerating Resource Mobilisation Reforms Programme-for-Results . As…
Confronted with a fragile economic situation, Nigeria under President Bola Tinubu recognised the urgency of changing course and embarked on critical reforms to address economic distortions and strengthen the fiscal outlook. A targeted cash transfer programme was initiated to cushion the impact of high inflation on poor and economically insecure households.
The RESET DPF is focused on supporting Nigeria to strengthen its economic policy framework by creating fiscal space and protecting the poor and economically insecure. The ARMOR PforR will support efforts to implement tax and excise reforms, strengthen tax revenue and customs administrations, and safeguard oil revenues.Before flagging, please keep in mind that Disqus does not moderate communities.
The Standards Organisation of Nigeria , on Tuesday, confiscated fake electrical cables and wires worth N30.5 million in Ekiti State. The incident happened during a raid in some major markets in the state after an intelligence report
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