SPECIAL REPORT: Enugu community where residents rely on polluted river, deplorable PHCINVESTIGATION: TETFund’s N3.8 billion training contract triggers procurement controversy, concernsNigerian women and World War One , By Tayo AgunbiadeSPECIAL REPORT: Enugu community where residents rely on polluted river, deplorable PHCINVESTIGATION: TETFund’s N3.
Mr Audu said that presidential approval had been given to raise the amount from a local financial institution, as part of Tinubu’s administration’s resolve to boost the economic profile of Nigeria.“I have done a cover letter and forwarded the relevant documents to the Minister of Finance to be able to take the financing on behalf of the Federal Government,” he said.
It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall. He said that advanced discussions were held with the Minister of Defence, who is in charge of the Defence Industries Corporation of Nigeria , to revive its engineering workshop to produce military hardware to enhance security in Nigeria.
According to the minister, due to the paucity of funds, it is engaging in a public-private partnership where the asset will be used as the collateral vessel to provide financing. He said that a minimum of two million dollars was needed to revive Ajaokuta Steel, adding that the plan was to concede the company to people who had the competence to get the job done.
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