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...

ABIA LG WORKERS PROTEST NON-PAYMENT OF SALARY. (PHOTO).


Abia LG workers protest non-payment of salary

Two lanes of Bende road junction in Umuahia were blocked on Tuesday morning as members of staff of Umuahia North LGA of the State staged a protest over alleged non-payment of their salaries.

This is even as the State government has advised the LGA staff to approach their respective banks to access their money.

The aggrieved staff, who barricaded the Bende road tower junction during the protest, alleged that they had not received their three months salaries, which according to them, had left them in hunger and financial distress.

They appealed to the Abia State government to pay them their salaries while also declaring that they are not ghost workers.

The workers, who locked the main gate to the local government secretariat, vowed not to reopen it until a senior staff of the State government came to address them.

They further said they were always ready to present themselves for biometric or physical verification to confirm that they were genuine workers.

The Umuahia North LGA workers denied evading the verification exercise.

They, however, advised the State government to sanction any treasurer or senior official who refused to make their payroll available to the State government.

A detachment of police officers who arrived at the scene to calm down the protesters did not achieve any result.

Reacting to the protest, the Chief Press Secretary to Governor Alex Otti, Mr Kazie Uko said the LGA staff should not protest as their June salaries had been lodged with their respective banks.

The CPS made it clear that the State government had already paid local government salary funds into the banks for their onward withdrawal, suggesting that the protesting staff may be having some unresolved issues with their banks.

He pointed out that the protests may have been staged against some senior staff of the local government and not the Governor Otti’s government.

“Their June salary has been lodged in their banks. Let them go to their banks and resolve any issue they have with their banks.

“All I am telling you is that their June salaries have been lodged in the banks,” the Chief Press Secretary told Newsmen.



 

Comments

  1. They should pay the LGA worker's 3 months and as writing nobody has gotten any Alert from any bank

    ReplyDelete

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