Budget deficit: AfDB approves $1bn loan for Nigeria
...to inject additional $10bn in three years Anule Emmanuel
approved $1 billion loan for the financing of Nigeria's N2.2 trillion budget deficit
Abuja
T
he African Development Bank (AfDB) has
in the 2016 fiscal year. AfDB in the next three years is also expected to in-
crease its investment portfolio in the country to about $10 billion. Besides the $1 billion budget support, other packages of AfDB for Nigeria in-
clude $300 million to create jobs for 185,000 youths; $250 million towards North-East infrastructure development, $1 million grant to CONTINUED ON PAGE 4
Speculation drives naira down to N445/$ on parallel market
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AfDB’s packages
Investment portfolio = $10b Budget support = $1bn Job creation = $300m FCT infrastructure devt = $300m North-East development = $250m TCN = $200m Grant to IDPs = $1m Grant to EFCC = $2m Grant to, ICPC = $1m
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How I changed millions of dollars for Jonathan's aide –Witness }6
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Vol. 3 No. 951
Tuesday, September 27, 2016
New Telegraph’s Shadare wins Aviation Writer of the Year }5
Father kills two daughters, dumps bodies in stream }9
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N150
Edo guber poll:
Police, Civil Defence deploy 45,000 personnel
...vehicular movement restricted
lINEC receives sensitive materials }12
Judges in trouble Dudafa
Shadare
Obaseki
Ize-Iyamu
lNJC, DSS, EFCC step up probe over misconduct lCJN sets up panel to try judges }2 lBiafra: Justice Tsoho hands off Kanu's case Buhari approves 13 CEOs for agencies S/N ORGANISATION 1 Industrial Training Fund (ITF) 2 National Information Technology Development Agency (NITDA) 3 Nigerian Content Monitoring Board 4 5 6 7 8 9 10 11 12 13
DESIGNATION APPOINTEE Director-General Mr. Joseph Ari Director-General Dr. Isa Ali Ibrahim (Pantami) Executive Engr. SimbiKesiye Secretary Wabote Standard Organization of Nigeria Director-General Aboloma Osita (SON) Anthony Bureau of Public Procurement (BPP) Director-General Mamman Amadu Pension Transitional Arrangement Executive Barrister Sharon Directorate (PTAD) Secretary Ikeazor New Partnership for Africa’s National Princess Development (NEPAD) Coordinator/CEO Akodundo Gloria Petroleum Equalization Fund (PEF) Executive Alhaji Ahmed Secretary Bobboi Oil & Gas Free Zone Authority Managing Umana Okon Director Umana Sa’adiya Faruq National Commission for Refugees, Federal Commissioner Migrant and Internally Displaced Persons Nigeria Railway Corporation (NRC) Chairman Engineer Usman Abubakar Petroleum Technology Executive Dr. Bello Aliyu DevelopmentFund (PTDF) Secretary Gusau Nigeria Investment Promotion Executive Yewande Sadiku Commission (NIPC) Secretary
L-R: President, Africa Development Bank (AfDB), Dr. Akinwumi Adesina; Vice-President Yemi Osinbajo; Minister of Budget and National Planning, Senator Udoma Udo Udoma and Minister of Health, Prof. Isaac Adewole during a meeting of the National Economic Team with the bank in Abuja…yesterday. PHOTO: TIMOTHY IKUOMENISAN.
APC crisis: I’ll consult before replying Tinubu –Oyegun
lNWC: Tinubu's accusations misplaced lSpokesman: More leaders’ll back chairman's resignation }3
Hope rises for use of stem cells for heart treatment
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