Business
Nigeria set to sign 50 million euros loan agreement with France
IN its quest to develop capacity building in the country’s power sector, the Federal Government is set to sign a 50 million Euros loan facility with the French Government in May.
Director-General, National Power Training Institute of Nigeria (NAPTIN), Dr. Reuben Okeke made this disclosure at the graduation of trainees at the institute’s National Graduate Skills Development Programme (NGSDP) in Abuja.
The NAPTIN boss further revealed that President Muhammadu Buhari was expected to sign the agreement on behalf of Nigeria, while President Hollande of France would sign for his country.
ALSO SEE: Fayose’s aide blasts APC chieftains for discrediting letter on China loan
According to Okeke, “By next month, the President of Federal Republic of Nigeria and that of France will be signing a loan agreement to get NAPTIN completely transformed, up to a tune of 50 million Euros
The D-G said that the institute was currently working with a leading international consulting outfit for funding support of the Agence Francaise de Development (AFD) to evolve a new strategic plan.
He was optimistic that with the injection of funds into the system, NAPTIN would become a hub for power sector professional development in West Africa.
-
Latest7 days agoUS Immigration fees rise from October 16 as USCIS announces new charges
-
Latest2 days agoIsrael marks 3 years since October 7 Hamas attack amid Gaza strikes, election debate
-
Business6 days agoNigeria’s $55bn reserves raise fresh questions over naira value
-
Health6 days agoFlorida sues Pfizer over deceptive COVID-19 vaccine marketing
-
Business1 week agoTuoyo Erikowa wins digital marketing personality of the Year at 2026 EDGE awards
-
Crime6 days agoFrom camp to captivity: How kidnappers now target NYSC Corps members on highways
-
Featured7 days ago2027: Can Nigeria’s opposition still unite behind a single presidential candidate?
-
Crime6 days agoFulani Militia leader linked to Christian killings arrested in Plateau