Newsexpress place banner advert Yudala genuine products
FEC approves $250m soft loan to 14 million Nigerians

By News Express on 04/05/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 296

•The Federal Executive Council during a recent session.
•The Federal Executive Council during a recent session.

The Federal Executive Council has approved a US$150 million soft loan from African Development Bank (AfDB) and US$100 million from African Development Finance (ADF) for Rural Water Supply and Sanitation Initiative (RWSSI) as well as a Grant of five million Euro to finance Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Programme in five states of the North East.

A statement issued by Salisu Saleh Na’inna, spokesman of the Ministry of Finance, said: “The approval followed a memo presented to the Council by the Minister of Finance, Kemi Adeosun”.

Adeosun had explained that the money would facilitate in improving the quality of life of 14 million people and over 2.3 million internally displaced persons affected by the Boko Haram insurgency by increasing their access to basic social services in the areas of potable water supply, sanitation, health care delivery and education.

Other areas covered by the programme are entrepreneurship development, job creation and livelihoods for youth, women and the vulnerable, social cohesion and physiological support.

It could be recalled that in its social inclusion agenda, the Federal Government has launched a programme for rebuilding and reconstruction for peace and development in the North East, and sought support from the African Development Bank to achieve the goal.

The multi-sectoral programme will be implemented in Adamawa, Borno, Gombe, Bauchi and Taraba states within a span of five years starting from 2017 to December 2021, while Yobe State has already started implementing a similar programme.

The loan would be repayable in 25 years with on a highly concessional interest rate.  The five beneficiary states will make a counterpart funding of 6.1 per cent. (TV360 Nigeria)

Source News Express

Posted 04/05/2017 11:12:14 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Two senior lawyers to be docked for alleged...

APC responsible for insurgency —PDP

Shock, grief greet death of journalists in ghastly...

Union seals Port Harcourt Electricity Distribution Company office...

I AM NOT WORTH N100M —Jonathan •Spits fire...

Militants didn’t blow up pipeline; it was a...

NSCDC prosecutes 54 suspected vandals

Saraki tasks Public Complaints Commission to end impunity...

2015: Buhari, APC settle for Redeemed Church Pastor...

New British Prime Minister emerges, takes over from...

Umahi receives Chinese engineering giant, seeks 10MW solar...

ADVAN, World Federation of Advertisers set to unveil...

 

Latest News FG approves $470 million for Abuja water project Group warns against unconditional amnesty for ex-Boko Haram terrorists Public schools dumping ground for less-privileged children: NANS BREAKING: Arsenal overcome Chelsea to win FA Cup 34 prisoners get pardon in Cross River Kwara United star slumps, dies All set for musical fireworks to climax Lagos golden jubilee celebrations Yenagoa flood disaster sad and unfortunate: Dickson •Warns against indiscriminate dumping of refuse Alumni association sponsors ultra-modern toilet at FGC Owerri British Airways cancels flights as global IT outage takes toll Amaechi: 52 garlands for an enigma, gallant, resolute and misunderstood democrat Osinbajo jets out to Italy for G7 Summit

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (246,753 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (223,205 views) Shameless Genevieve Nnaji exposes breasts in public (184,936 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (165,456 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (158,556 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (138,510 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (120,961 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (118,266 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (106,293 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (102,649 views) Lagos plane crash: Journalist releases victims’ names (101,334 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (95,554 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,563) Business Verdict (16) Columnists (685) Complaints & Requests (90) Enterprise & Opportunities (153) Entertainment (323) Features (448) Global Business Monitor (152) International (1,378) Interviews (122) Live Commentary (28) Love Matters (54) News (24,764) Opinion (721) Pidgin (8) Politics (3,701) Religion (535) Sports (1,267) Stock Watch (18) AMA & Al Jazeera Global Update

 

Words on marble

 

UBA Wise Savers Promo

 

Machester United vs Ajax

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!