GOV. UBA APPRECIATES PRESIDENT TINUBU ON THE AWARD OF STRATEGIC CONTRACTS WORTH ₦1.178 TRILLION IN KADUNA STATE. (PHOTO).

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 GOVERNOR UBA APPRECIATES PRESIDENT TINUBU ON THE AWARD OF STRATEGIC CONTRACTS WORTH  ₦1.178 TRILLION IN KADUNA STATE   Kaduna State governor has extended appreciation to President Tinubu, and the Federal Executive Council for the approval and award of transformative infrastructure contracts that will indelibly reshape the economic and social landscape of the state.   The statement personally signed by the governor lists the projects as follows; the Kaduna Light Rail Project an ambitious undertaking spanning a Kilometers corridor from Rigachikun to Sabon Tasha, alongside a Kilometers line from Millennium City to Rigasa, forming a 50-kilometre metropolitan network with an estimated value of One Trillion Naira. Complementing this is the critical reconstruction of the Mando–Kaduna– Birnin Gwari road, a 122-kilometre artery valued at ₦178 billion. Together, these projects represent not merely investments in infrastructure, but a deliberate re-engineering of mobility, sec...
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IFC, CBN SIGN DEAL TO BOOST LOCAL CURRENCY FINANCING IN NIGERIA. (PHOTO).

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 IFC, CBN sign deal to boost local currency financing in Nigeria


The International Finance Corporation, a member of the World Bank Group and the Central Bank of Nigeria have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key sectors of the Nigerian economy.


This was according to a joint press statement from the IFC and the CBN on Monday.


The agreement, signed by IFC Managing Director Makhtar Diop and CBN Governor Yemi Cardoso, will provide naira-based financing to sectors such as agriculture, infrastructure, housing, energy, small and medium enterprises, and Nigeria’s youth and creative industries.


This deal will enable private businesses to thrive by improving access to long-term, affordable local currency funding, essential for mitigating currency risks.


The statement read, “IFC, a member of the World Bank Group, and the Central Bank of Nigeria have signed an agreement to increase local currency financing to enable private businesses in Nigeria to grow and thrive.


“The partnership will allow IFC to manage currency risks and increase its investment in Nigerian naira across priority sectors of the economy, including agriculture, housing, infrastructure, energy, small and medium enterprises and the creative and youth economy.

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