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China s reluctance to continue lending affects major Nigerian projects, communities

The Buhari administration planned to set up 40 parboiled rice processing plants at the cost of $326 million, but the project was not executed because China’s Exim Bank did not release the loan for it.

Furore over MOFI s move to usurp BPE s mandate on privatisation

  There has been a simmering crisis brewing between the Bureau of Public Enterprises (BPE) and the Ministry of Finance Incorporated (MOFI) over who owns the mandate to optimize government assets. Established under the Public Enterprises (Privatisation and Commercialisation) Act of 1999, through its secretariat, the Bureau of Public Enterprises (BPE) is charged with driving…

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