ALO360

FG gives Nigerian Electricity Management Service Agency two years to exit payroll

The Nigerian Electricity Management Services Agency (NEMSA) has been given a two-year deadline to achieve financial independence and exit the federal government payroll, according to the Minister of Power, Adebayo Adelabu. Speaking at the inauguration of NEMSA’s board in Abuja. Adelabu disclosed that the agency had previously faced removal from government funding. However, it granted…

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Wale Edun urges IMF, world bank to lower borrowing costs for developing nations

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the International Monetary Fund (IMF) and the World Bank to reduce borrowing costs for developing countries. He emphasized that rising debt pressures and limited access to affordable financing are straining these economies. Wale Edun made this appeal on Tuesday, April…

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