UK GOVT INVESTS $6M IN INFRACREDIT TO BOOST NIGERIA’S ENERGY TRANSITION, INFRASTRUCTURE. (PHOTO).

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 UK Govt invests $6m in InfraCredit to boost Nigeria’s Energy transition, infrastructure The United Kingdom has announced an investment of $6 million towards unlocking domestic capital for Nigeria’s infrastructure development and energy transition. The investment was made through its MOBILIST programme to support the listing of InfraCredit on the NASD OTC Exchange Plc. The total listing by InfraCredit, Nigeria’s first and only domestic credit guarantor, is valued at N64 billion ($41 million). The company successfully raised NGN27 billion ($17.7 million) in new equity as part of the transaction. The investment from MOBILIST will further enable InfraCredit to expand its guarantee capacity and support a broader pipeline of infrastructure projects across the country. A statement by InfraCredit said the investment addresses this gap by offering Naira-denominated guarantees that enhance the creditworthiness of infrastructure debt instruments, thereby attracting investment from Nigerian i...
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BENUE EXCO MEMBERS DONATE SALARIES TO COVID-19 FIGHT.{PHOTO}.#PRESS RELEASE.

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No photo description available.
     The Benue State Executive Council has resolved that each member should donate N100,000 every month to the fight against Coronavirus in the state.
By this decision, the 28-member Executive Council will be contributing N2.8 million monthly till the battle against the spread of COVID-19 in Benue State is over.
Secretary to the State Government, Professor Anthony Ijohor, SAN, who made known the decision of the Council members today at the Benue Peoples House Makurdi, expressed the determination of the Samuel Ortom administration to sustain its proactive approach to tackling the pandemic.
He said members of Council voluntarily offered their salaries as part of their sacrifice for the survival of the state, in the face of COVID-19.
Professor Ijohor commended Governor Ortom for the visionary and dogged leadership he has continued to provide during very difficult moments in the life of the state.
Meanwhile, the Benue State Executive Council will on Sunday hold a joint meeting with the State Security Council and the State Action Committee on Coronavirus, to review the measures so far taken in preventing the spread of the disease in the state.
Governor Ortom who made this known today said the meeting will assess the situation with a view to ameliorating the pains the measures must have brought upon the people.
Terver Akase
Chief Press Secretary.
No photo description available.
   

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