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Tag Archives: Loans

Expert says FG needs to borrow more money to fund infrastructure


The Federal Government must take more loans if its plan to fund infrastructure is to be realised, according to the Senior Analyst at Agusto & Co, Mr. Jimi Ogbobine. Ogbobine said this on Sunday at a training for financial journalists during the Finance Correspondents Association of Nigeria 2018 annual workshop in Lagos. He stated that the government was expected to ...

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Expert urges FG to devout more commitment into agricultural sector

agricultural sector

An agricultural expert, Alhaji Tajudeen Olatunji, has tasked the Federal Government to double its commitment and devout more resources towards the development of the agricultural sector in the country. He said it is the only means to drive the nation’s economic growth and create more employment for youths. Olatunji, who is the Chief Financial Officer (CFO) of Onifarm Limited, made ...

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HOUSING: FMBN approves mortgage loan for RSL

Resort Savings and Loans Plc says it has secured the Federal Mortgage Bank of Nigeria’s approval for N1.5bn mortgages for more than 125 beneficiaries under the National Housing Fund Scheme. According to the mortgage bank, this comes amid the struggle by the nation to tackle the challenge of providing affordable housing for its citizens. A statement from the company quoted ...

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HOUSING: FMBN gets 10,596 applications for N48b NHF Loan

IN a fresh move to provide housing for Nigerians, the apex mortgage institution – Federal Mortgage Bank of Nigeria [FMBN] plans to provide National Housing Fund (NHF) loan to 10,596 applicants, worth about N48 billion. FMBN Managing Director, Mr. Gimba Ya’u Kumo, announced the new funding last week during the NDIC year 2014 Sensitization Workshop for operators of Primary Mortgage ...

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