26

Oct

Nigeria Approves $3.5bn Loan for Education and Power

Upon receiving approval from the Nigerian government, a $3.45 billion loan has been authorized for financing critical power sector initiatives, as well as an education and resource mobilization initiative. Although the initiative is intended to stimulate progress within the nation, it has engendered apprehensions regarding the escalating national debt crisis. Minister of Finance and Coordinating Minister of the Economy Wale Edun made the announcement during a press briefing that followed a Federal Executive Council (FEC) meeting on Monday at the Presidential Villa’s Council Chambers in Abuja, presided over by President Bola Tinubu. Edun disclosed that the loans would be characterized […]

Replay: Rethinking The Concept Of Lending

Watch the recording of our webinar, where experts and some of the most important loan providers in Nigeria explain what it means to lend. See different stats and how loans can help you.