Rivers 2020 budget raises questions with no funding plan, amid lack of transparency

…stakeholders’ participation absent, as budget document elusive …state expects 3.7% growth Rivers, Nigeria’s second largest sub-national state, with a gross domestic product (GDP) size of more than $25 billion, against traditional economic expectations, has begun implementing its 2020 budget of N530.813 billion, without a funding plan for the expenditure projections, business a.m.’s analysis of the […]

Nigeria’s Imo State allocates land to Afreximbank for Quality Assurance Centre

Nigeria’s Imo State has allocated a five-hectare of land to the African Export-Import Bank (Afreximbank) for the pan-African multilateral financial institution to build and operate an internationally accredited quality assurance centre in the state. Afreximbank is supporting the establishment of such internationally accredited African Quality Assurance Centres (AQACs) across Africa to support the continent’s industrialisation […]