By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: FG seeks NASS approval to borrow $1.2bn from Brazil
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
NewsTop stories

FG seeks NASS approval to borrow $1.2bn from Brazil

Agency Report with Okay.ng
By Agency Report with Okay.ng
Published: November 4, 2020
Share
2 Min Read
Zainab Ahmed
SHARE

The Federal Government is seeking the approval of $1.2 billion loan from the National Assembly to address issues in the agriculture value chain, finance minister Zainab Ahmed said on Tuesday in Abuja at the ministry’s budget defence.

Ahmed told the House of Representative Committee on Finance that the loan would be sourced from the Brazilian Government.

“We need to address issues in the agriculture value chain as the country moves towards other sources of revenue.

“Already, the federal government is making efforts to acquire100,000 hectares of land per state for food production.

- Advertisement -

“Roads will be built in such locations to provide access for farm inputs and ease the movement of farm produce to the markets.

“If the farmers can move their farm produce to markets, it will reduce post-harvest losses,” she said.

The minister also spoke on the Police reforms and prayed that the review would be completed quickly so that while the appropriation process is going on, the revised salaries would be included in the 2021 budget.

“If it’s not completed, we will contemplate doing amendment or supplementary budget,” she said.

- Advertisement -

She said that the federal government was bent on the use of Integrated Payroll and Personnel Information System (IPPIS) for the payment of Academic Staff Union of Universities (ASUU).

She added, however, that ASUU’s newly developed University Accountability and Transparency Solution (UTAS) would also undergo verification by experts.

The minister said that N1.647 billion was proposed for personnel cost, N1.70 billion for overhead, while N4.005 billion was allocated for the ministry’s capital expenditure in 2021.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:BrazilFGNational Assembly
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Donald Trump US Election 2020: Trump claims victory, says he will dispute poll count at Supreme Court
Next Article Joe Biden US Election 2020: Trump bid to stop vote counting ‘outrageous’- Biden campaign team

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 15 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Nationwide SIM Services Disruption Looms as NIMC Transitions to New Identity Verification Platform
News
Aminu Dantata Buried in Madinah as Prayers Echo from Nigeria to Saudi Arabia
News
Atiku, PDP Leaders Hold Strategic Meeting Ahead of Opposition Coalition Talks
Politics
Styrofoam
Lagos Begins Enforcement of Ban on Styrofoam, Single-Use Plastics Despite Industry Pushback
News
Federation Cup Glory: Governor AbdulRahman AbdulRazaq Rewards Kwara United Players with N5 Million and Land
Sport
- Advertisement -
Ad imageAd image

You May Also Like

Politics

Igbo Youths Tie 2027 Support to Kanu’s Release Following Kenyan Court’s Landmark Ruling

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 1, 2025
Tech

Ericsson Unveils New Regional Headquarters in Riyadh to Boost Digital Innovation

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 1, 2025
Tech

MTN Nigeria Unveils Cloud Data Centre to Boost Tech Innovation, Cut FX Exposure

Muhammad A. Aliyu
Muhammad A. Aliyu
July 1, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?