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"State Governments and FCT in Financial Quagmire: Owe FG N1.7tn in Budget Support Loans"

https://jimbamedia.websites.co.in/update/state-governments-and-fct-in-financial-quagmire/2425531

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"State Governments and FCT Owe FG N1.7tn in Budget Support Loans" At the 140th National Economic Council meeting presided over by Vice President Kashim Shettima, it was disclosed that the 36 state governments and the Federal Capital Territory (FCT) collectively owe the Federal Government a staggering N1.72 trillion in outstanding liabilities from budget support facilities. This revelation underscores the significant financial strain faced by state governments across Nigeria, as they struggle...

"Landmark Victory: National Assembly Passes Student Loan Bill to Empower Nigerian Students"

https://jimbamedia.websites.co.in/update/landmark-victory-national-assembly-passes-studen/2422757

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National Assembly Passes Student Loan Bill After Lengthy Deliberations. In a significant move aimed at addressing the financial challenges faced by students pursuing higher education, the National Assembly, comprising both the Senate and the House of Representatives, has successfully passed the much-anticipated student loan bill. This legislative milestone marks the culmination of a series of deliberations and readings within both parliamentary chambers. The bill, which underwent rigorous sc...

"CBN Report: DISCOs Secure N273.24 Billion Loan for Meter Acquisition"

https://jimbamedia.websites.co.in/update/cbn-report-discos-secure-n27324-billion-loan-fo/2420162

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"CBN Report: DISCOs Secure N273.24 Billion Loan for Meter Procurement" According to a report obtained by Jimbamedia, the Central Bank of Nigeria (CBN) has disclosed that the 11 Electricity Distribution Companies (DISCOs) secured a credit facility totaling N273.24 billion to purchase 414,000 meters for distribution. The meters acquired include maximum demand meters, Smart meters, and Single-Phase meters. This loan, disbursed under the Nigerian Electricity Market Stabilization Facility interve...

Abia secures $125m loan to implement 2024 budget

https://jimbamedia.websites.co.in/update/abia-secures-125m-loan-to-implement-2024-budget/2420076

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Abia State Governor, Alex Otti, says the state government plans to secure loans to implement the 2024 Budget, adding that already, the Islamic Development Bank has approved $125 million for the state. Otti disclosed this Monday during a chat with journalists in Umuahia, the state capital. He added that the African Development Bank has also approved some funds for the state. The governor said, “Two days ago, the Islamic Development Bank approved the sum of $125m for us under AB Seed, as well as...

87 abducted in fresh Kaduna raid, Borno bomber dies

https://jimbamedia.websites.co.in/update/87-abducted-in-fresh-kaduna-raid-borno-bomber-die/2419299

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Most Widely Read Newspaper Home News Sports Investigations Metro Plus Videos Politics Business HealthWise Editorial Columns Podcast 87 abducted in fresh Kaduna raid, Borno bomber dies 19th March 2024 errorists on Sunday night kidnapped 87 people after launching a fresh attack on the Kajuru-Station community in the Kajuru Local Government Area of Kaduna State. A member of the Kajuru-Station Youths, Harisu Dari, confirmed the incident to our correspondent on Monday in Kaduna. Harisu...
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