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inq Digital calls for more girls in ICT
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Nike Popoola and Temiloluwa O’Peters
Published 12:18 am
Published 12:18 am
Players in the Nigerian economy have advised the Federal Government to reduce its unnecessary expenditures, address security and diversify revenue source.
They said these measures were relevant to check rising cost of governance and dwindling revenues.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday admitted that the nation’s economy was facing a difficult time.
“These are very difficult challenging times because revenues are low and the demand for expenditures are very high understandably because we have to keep intervening to make sure the pandemic is contained as well as the economic impact it has caused,” she said.
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Temiloluwa O’Peters
Published 12:22 am
The Ministry of Youth and Sports Development has said the disbursement of the Nigeria Youth Investment Fund is being done in phases.
A statement signed by the Director of Press on Monday explained that the ministry had received over three million applications for the initial N12.5bn made available.
It said at the current cap of N300,000 per beneficiary, only about 41,000 beneficiaries could be covered.
According to the ministry, it had limited the loans to the current amount so as to reach as many beneficiaries as possible.
The statement read in part, “The Ministry of Youth and Sports Development has been following with interest the reaction of some beneficiaries of the NYIF, particularly those expressing disappointment at the N300,000 cap on disbursement under the first tranche of N12.5bn.
Dangote commits $700m to sugar production - Punch Newspapers
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