Aluta News The Nigerian Education Loan Fund (NELFUND) has acknowledged the receipt of an additional N50 billion from the Economic and Financial Crimes Commission (EFCC). The News Agency of Nigeria (NAN) reports that the Federal Government had injected N60 billion into the fund. Mrs Oseyemi Oluwatuyi, the Director, Corporate Communications,Continue Reading
May 23, 2024 The Minister of Youth Development, Dr Jamila Bio-Ibrahim, says the Federal Executive Council has approved N110 billion capital to startups and early growth stage businesses for youths. Bio-Ibrahim said this in Abuja on Thursday at the ministerial sectoral update of the present administration. The minister said thatContinue Reading
By Aluta News Oct. 28, 2023 African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development have voted $1billion to deliver special agro-industrial processing zones in 24 States of Nigeria. This is in addition to an initial $520 million voted by the development partners forContinue Reading
By Aluta News July 21, 2023 President Bola Tinubu has approved the establishment of Infrastructure Support Fund (ISF) for states as part of measures to cushion the effects of the petrol subsidy removal on the Nigerians. A statement by Mr Dele Alake, Special Adviser to the President on Special Duties, Continue Reading
By Aluta News Nov. 24, 2022 The Nigeria Governors’ Forum (NGF) says it will explore all legal options on the disbursement of the $418 million Paris Club refund and promissory notes to ensure resources meant for state governments are not illegally paid to consultants. The forum disclosed this in aContinue Reading
By Aluta News Dec. 07, 2021 The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced an investigation into the utilisation of the N950 million Coronavirus (COVID-19) Intervention Fund by the University of Port Harcourt Teaching Hospital. Mrs Azuka Ogugua, Spokesperson of ICPC, in a statement in AbujaContinue Reading
By Aluta News Nov. 23, 2021 The Minister of Health, Dr Osagie Ehanire says the 200 million dollars loan request is Nigeria’s counterpart fund to complement a global malaria action plan to combat malaria in the country. Ehanire said this at the Bi-Weekly National Briefing on COVID-19, Cholera, Health Promotion and otherContinue Reading
By Aluta News Oct. 5, 2021 The Senate has passed the bill seeking to establish the Tertiary Hospital Development Fund. The passage of the bill followed consideration and adoption of a report of the Committee on Health (Secondary and Tertiary) at the plenary on Tuesday. Chairman of the Committee, Sen.Continue Reading
By Aluta News Sept 20, 2021 The National Youths Service Corps (NYSC) says it wis intensifying efforts to establish a Trust Fund. The fund would be used to provide start-up capitals for the corps members after their service years. The scheme also said that it is working to get aContinue Reading
