By Kadiri Abdulrahman
Abuja, March 8, 2021 Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the new, “Naira 4 Dollar Scheme’’ for diaspora remittances will enhance a transparent and more flexible remittance administration.
Emefiele said this in a series of tweets in CBN’s verified twitter handle.
He stated that the scheme will greatly enhance the benefits of diaspora remittances in supporting investments and economic growth in Nigeria.
He said that the scheme was consistent with the global trend, adding that the apex bank aspired to ensure that remittance flows and diaspora investments became a significant source of external financing.
3 8m farmers benefit from CBN Anchor Borrowers Programme – Director
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Microfinance bank pledges N10bn agric support for 2021
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By Kadiri Abdulrahman
Abuja , Feb. 28, 2021 The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, has recommended equity partnership as a way of optimising the economic potential of the Ajaokuta Steel Rolling Plant when it becomes operational.
Adegbite gave the recommendation in an interview with newsmen on Sunday in Abuja.
He revealed that an investment group had already indicated interest to go into equity with the Federal Government to provide necessary funding for the plant.
“Equity partnership will be the best deal for Nigerian as regards Ajaokuta Steel Rolling Plant, if it comes to fruition. It is a game-changer.
“Some investors have already proposed to bring in funds to fix Ajaokuta but the debt will not be on Nigeria. It will be on the company.”