Tuesday, September 18, 2018
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Kemi Adeosun

FG Okays $150m World Bank loan for Polio eradication

Sunday Ode, Abuja

The Federal Government on Wednesday approved World Bank’s US$150 million credit facility in support of polio eradication in Nigeria .This was disclosed by the Minister of Finance, Kemi Adeosun, after the Federal Executive Council (FEC) meeting presided over by Acting President, Yemi Osinbajo at the Presidential Villa, Abuja.

Nigerian govt is determined to boost tax system – Adeosun

Since the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to explain: we’ve historically depended on crude oil for as much as 70 per cent of government revenues, and 90 per cent of foreign exchange earnings. The outcome – pressure on government’s finances – was by no means unusual. A similar fate befell most oil-rich countries around the world.

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