KIM KARDASHIAN SHOWS UP FOR LEWIS HAMILTON AT MONACO GRAND PRIX AMID ROMANCE BUZZ. (PHOTO).

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 Kim Kardashian Shows Up for Lewis Hamilton at Monaco Grand Prix Amid Romance Buzz Kim Kardashian was among the familiar faces in Monaco this weekend as she attended the Monaco Grand Prix, where Lewis Hamilton is set to compete for Ferrari. The SKIMS founder, 45, was seen in Monte Carlo alongside her sister, Khloé Kardashian, and close family friend Simon Huck ahead of the highly anticipated race. The group had arrived in Monaco a day earlier, making their entrance by boat before taking in the Grand Prix festivities. Kim's appearance at the event comes as interest in her relationship with Hamilton continues to grow. Rumors linking the reality star and the Formula One champion first surfaced in February after reports of a romantic meeting in Paris. While the pair have only recently been connected romantically, their acquaintance stretches back more than a decade. They were seen together as far back as 2014 when both attended the GQ Men of the Year event. Earlier this year, fans noti...
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FG APPROVES $3.45BN WORLD BANK LOAN TO BOOST POWER AND OTHER SECTORS.(PHOTO).

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 FG approves $3.45bn World Bank loan to boost power and other sectors.


The Federal Executive Council (FEC) has approved a $3.45bn World Bank loan application for the financing of five items.


Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, disclosed this after the FEC meeting in Abuja on Monday, Oct. 23.


He said the council approved the loan request during its meeting at the State House, adding that the Federal Government would begin to receive the $3.5bn “zero-interest” loan.


According to him, the loan is payable within 40 years with a 10-year moratorium which means payments would start from 2033.


“Today at the Federal Executive Council, I presented five memos which were gracefully approved by the Council. They had to do with concessional and, in many cases, zero-interest financing by the World Bank and the International Development Association, which is the very concessional financing arm,” he told State House Correspondents.


“The projects that were approved for funding were in the power sector and then the renewable energy sector. There was funding for states for resource mobilisation programmes to help them with the internally-generated revenue efforts.


“There was a project for adolescent girls’ initiative for learning and empowerment. And then finally the fifth financing that was approved was for Women project.”


“So, those were five loans totalling $3.45 billion. And as you know, the tenure is all around 40 years, with a moratorium period of around 10 years and interest very low, or in the cases of either loans, zero interest. However, some fees would be incurred,” he added.


During the briefing, the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, also said FEC approved the creation of a Humanitarian and Poverty Alleviation Trust Fund.


The minister said the Fund will help the Federal Government respond promptly to humanitarian situations in Nigeria and that the government hopes to raise at least $5 billion annually into it.

 

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