Tag: Wale Edun

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Standard Chartered to fund key Nigerian infrastructure projects — Wale Edun

The coordinating minister of the economy and finance, Wale Edun has announced that Standard Chartered Bank has expressed interest in financing key infrastructure projects in Nigeria, including the Lagos-Calabar coastal highway, the Port Harcourt-Maiduguri rail line rehabilitation, and the provision of $3 billion in innovative financing for the NLNG dividend initiative. This was disclosed by […]

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FG offers N1bn loan at 9% interest – Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the federal government is offering credit facilities worth up to N1 billion at an interest rate of 9% to major businesses, including manufacturers. This was disclosed by the minister during a live appearance on Channel TV on Sunday. Edun stated […]

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FG begin fresh audit of N2.7tn subsidy debt

The Federal Government is ready to embark on a fresh audit of the N2.8tn fuel subsidy claim by the Nigerian National Petroleum Company Limited. A first audit was carried out by KPMG reducing the claims from N6 trillion to N2.7 trillion, according to The Punch. The Federal Government is also considering appointing an external auditor […]