FG Secures $800m from International Bank for Reconstruction

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The Federal Government has secured $800m from the International Bank for Reconstruction and Development to provide post-petroleum subsidy palliatives for over 50 million Nigerians.

Minister of Finance, Budget and National Planning, Zainab Ahmed, revealed this after this week’s Federal Executive Council meeting in Abuja.

According to Ahmed, the $800m forms the first tranche of palliatives ready to be disbursed to 10 million households in form of cash.

Written by: Helen Obih

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Uganda’s public prosecutor has said they will charge a minister with corruption over the diversion of metal roofing sheets meant to help people living northeastern Karamoja region. Police arrested three close relatives of Karamoja Affairs minister Mary Kitutu, for selling metal roofing sheets. Prosecution of ministers for corruption is rare in Uganda. Karamoja region is home to pastoral nomads vulnerable to frequent droughts and deadly cattle raids.

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