The Federal Government on Monday approved a combined N4.34tn in financing across five sectors including transportation, agriculture, power, infrastructure and small business credit.
The approvals followed the Federal Executive Council meeting presided over by President Bola Tinubu at the Council Chamber of the State House, Abuja.
It was the first meeting in approximately three months since the council last sat on March 4, 2026, when Tinubu swore in Inspector-General of Police, Tunji Disu.
They span 14 separate memos presented by the Ministry of Finance.
The approvals include N215bn in naira-denominated investments in transport, $900m (approximately N1.24tn) for agricultural and rural development, $160m (approximately N220.6bn) for Niger State solar energy from the Islamic Development Bank, $1.2bn (approximately N1.65tn) for the Sokoto-Badagry Super Highway, and a combined $500m (approximately N689.5bn) and €200m (approximately N315.6bn) for MSME financing through the Development Bank of Nigeria.
