Author: Editor

Some financial experts on Monday expressed different views on the outcome of the Monetary Policy Committee of the Central Bank of Nigeria (CBN), citing various economic factors. Former President, Chattered Institute of Bankers of Nigeria (CIBN), Mr Okechukwu Unegbu, said on Monday in Abuja that the MPC could retain all the rates. Unegbu said that this would give enough time for the economy to feel the positive impact of the policy rates. “The MPC should hold all existing rates constant till its next meeting. ALSO READ: CBN sells $10,000 to BDC operators at ₦1,251/$ “The government should also look inwards…

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President Bola Tinubu has approved the Renewed Hope Infrastructure Development Fund, a ground-breaking initiative poised to revolutionize infrastructure development, focusing on agriculture, alongside other critical sectors including transportation, ports, aviation, energy, healthcare, and education. The approval of the Renewed Hope Infrastructure Fund, is aimed at addressing Nigeria’s significant funding gap of $25 billion per year in infrastructure development. He disclosed that under the agricultural infrastructure and food security, the emphasis is on developing robust agricultural infrastructure networks. “This includes the establishment of national food storage facilities, integrated irrigation systems, ranching for animal husbandry, and the enhancement of agricultural logistics and…

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