1 trillion dollars to naira

However, in terms of expenditure, while N9.97 trillion was appropriated, N10.08 trillion (representing 101%) was spent during the year. So you're basically asking for another one billion dollars? The provision also requires that the loans are repaid at the end of the year or else the CBN will no longer be able to lend to the government in the following year. At 2008, ZWN was replaced by the the third Zimbabwean dollar "ZWR" at a rate of 1 … With the coronavirus pandemic rapidly ravaging the global economy, the Central Bank of Nigeria (CBN) on Wednesday announced N1 trillion intervention in all critical sectors of the economy.. As another example, it's much easier to remember that a trillion is written with four sets of three zeros than it is to count out 12 separate zeroes. READ: Nigeria’s growing current account deficit fans devaluation flames, The FG said, “the ECA balance as at 20th January, 2021, $72,411,197.80; Stabilization Account, balance as at 19th January, 2021, N28, 800, 711,295.37; Natural Resources Development Fund Account, balance as at 19th January 2021, N95, 830,729,470.82.”, READ: Nigerians spend $9.01 billion on foreign travels in 2019. The exchange rate for the disbursement of IMTOs proceeds is effective Monday, November 30 to Friday, December 4, 2020. Naira bounces back after days of depreciation â Premium â¦ Naira and Dollars Related News The naira appreciated against the dollar â¦ It is hoped that a lasting solution to this springs forth soon. READ: New CBN Circular: CBN confirms only Banks can pay IMTO dollars. To fund the 2020 budget, FG borrowed N2.8 trillion from CBN. Convert 1 Zimbabwean Dollar to Nigerian Naira. The exchange rate for the disbursement of IMTOs proceeds is effective Monday, November 30 to Friday, December 4, 2020. All other factors appear to be contingent on this, as the Bank admits that improved governance and reduced corruption can lay the foundations for higher long-run growth. Buhari added that Nigeria looks forward to working with Biden in areas of terrorism, poverty, climate change, and others. The same figure was widely reported in Nigeria last year (although some papers tried to make sense of it by reporting the figure as a trillion Naira). Your email address will not be published. A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000. This site uses Akismet to reduce spam. When we look at this month, USD was traded at ₦495 at the beginning of this January on Friday, January 1… Converted to. § 418). In August 2015, during the early days of the Buhari administration, the. A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000. 1,000,000.00 NGN = 2,622.95 USD Follow news in the Economic Calendar Currency converter - Light Version Here you are getting today's value of one million Nigerian naira to US Dollar . How to convert 100 dollars naira foreign currency rates wells fargo parallel market 1 hundred trillion zimbabwe dollars to liberian dollar to nigerian naira How To Convert 100 Dollars Naira Much Is InDollar To Naira … Naira bounces back after days of depreciation – Premium … Naira and Dollars Related News The naira appreciated against the dollar … Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun. ZWD, the Zimbabwean dollar is obsolete. Since we said that the money is just One hundred million Naira in N500 Notes to get the number of individual pieces is just … 1 trillion naira is just about 2 billion dollars. See How To Advertise. Converted to. Here you are getting today's value of one million Nigerian naira to US Dollar . According to the report, policymakers face formidable challenges — in public health, debt management, budget policies, central banking, and structural reforms, as they try to ensure that this still-fragile global recovery gains traction and sets a foundation for robust growth and development. Track the exchange rate. According to the Central Bank of Nigeria’s annual report for 2018, Nigeria’s excess crude account fell from $2.45 billion in 2017 to $480 million as of December 2018. This makes no change for USD rate against Naira this week.. To have a monthly quick review, Dollar was traded at ₦470 at the beginning of January on Friday, January 01, 2021.As of today with Dollar … The rest was via Ways and Means. I don't see why the govt can't make that available given what they've invested in the sector in the past You are right. A close look at events in the country appears to suggest that we may be far from ready in terms of adjusting structurally. Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. ZWD, the first Zimbabwean dollar was introduced at 1980 at initial Zimbabwe currency to USD= 1.47.At 2006, it was replaced by the second Zimbabwean dollar "ZWN" at a rate of 1 … READ: FG posts 27% revenue shortfall in 2020 as budget deficit hit N6.1 trillion. This makes it 0.00% rise for United States Dollar against Naira this week.. 100 zwd zimbabwe dollar to nigerian naira ngn currency 1 hundred trillion zimbabwe dollars to naira لم يسبق له مثيل الصور the 10 strongest currencies in world 2020 wealthy gorilla currency conversion of 5000 ukrainian hryvnia to zimbabwe dollar … The Federal Government has announced that Nigeria’s Excess Crude Account (ECA) balance as at 20th January 2021 is $72,411,197.80. READ: CBN’s Export Proceed Number causing huge setback for exporters. Initial USD rate was noted as ₦475 at the beginning of this week on Monday, January 18, 2021. 112Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland. Even though most public enterprises and related establishments are usually plagued with corporate governance problems, there are several ways by which the problems could be curtailed. President Muhammadu Buhari has said there is little to show for over one trillion Naira budgeted for constituency projects of the National Assembly members in the last 10 years. The U.S. dollar is commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain (24.1 … Nigeria has two Sovereign Wealth Funds: the Excess Crude Account and the Nigeria Sovereign Investment Authority (NSIA). So where does the trillion figure come from? While you might think that that one is pretty … Convert 1 Zimbabwean Dollar to US Dollar. With the coronavirus pandemic rapidly ravaging the global economy, the Central Bank of Nigeria (CBN) on Wednesday announced N1 trillion intervention in all critical sectors of the economy.. The Bank believes structural reforms are capable of offsetting the pandemic’s scarring effects and lay the foundations for higher long-run growth. The World Bank has identified key areas that could trigger quick economic recovery. Simple reason why our power sector is in trobule, we should be calmouring for power generstion handled on state basis. Another key area is public investment. Growth in Nigeria is expected to resume at 1.1% in 2021 – markedly weaker than previous projections – and edge up to 1.8% in 2022, as the economy faces severe challenges. Nigerian Naira to US Dollar Convert NGN to USD at the real exchange rate. President Buhari has expressed optimism in Nigeria’s relations with a Joe Biden administration. According to the information contained in the report, the central bank provided financial support to the tune of N2.8 trillion which the government used to fund its budget expenditure. If you lived to be 80 years of age, to have: $1 Million How much is a trillion dollars? This was disclosed by an aide to the President, Garba Shehu after Joe Biden was inaugurated as the 46th president of the United States on Wednesday. It agrees that the global economy appears to be emerging from one of its deepest recessions and beginning a subdued recovery, beyond the short term economic outlook, following the devastating health and economic crisis caused by COVID-19. It's never about funding, it's has been about electricity generation, distribution and transmission models. Sponsor yourself in Education. Our Correspondents. USD has been traded at â¦475 when Black Market opened this week on Monday, January 18, 2021. Believe it or not, this next little pile is $1 million dollars … READ: “No forex” banks tell holidaymakers desperate for travel allowance (PTA). READ: FG posts 27% revenue shortfall in 2020 as budget deficit hit N6.1 trillion. TCN: Nigeria Requires ₦1 Trillion For Efficient Electricity Transmission, Leaked Presidency Memo At TCN Raises Dust, Sack Of Usman Mohammed, TCN Boss Pits SGF Against COS, Coronavirus: FG May Reduce 2020 Budget By ₦1 Trillion, Re: TCN: Nigeria Requires ₦1 Trillion For Efficient Electricity Transmission, https://m.punchng.com/Business/Nigeria-requires-N1tn-for-efficient-electricity-transmission. The World Bank has revealed that a slow recovery of the global economy is not an inevitability and can be avoided through productivity-enhancing structural reforms. Growth in Sub-Saharan Africa is expected to rebound only moderately to 2.7% in 2021 – 0.4% point weaker than previously projected, before firming to 3.3% in 2022. Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun. Is it in dollars or Naira… If you lived to be 80 years of age, to have: $1 Million How much is a trillion dollars? Even if the money were in 100 Dollar bills, it will still not be up to 1 trillion Naira. This makes no change for USD rate against Naira this week.. To have a monthly quick review, Dollar was traded at â¦470 at the beginning of January on Friday, January 01, 2021.As of today with Dollar â¦ CBN Loans Banks ₦1.7 trillion In 3 Months December 24, 2020 0 364 According to the Q3 economic report of the Central Bank of Nigeria (CBN), Deposit Money Banks borrowed the sum of N1.7 trillion … TOTAL NAIRA RECOVERIES: The N975 Billion Waziri recovered from June, 2008 to June, 2011 plus the recoveries before Waziri from 2004 to 2007 (987,044,842,333:00) plus recoveries after Waziri from 2012 to 2013 (33,132,660,762:00) = 1.995TRN NAIRA RECOVERIES =1.995 Trillion USD … ZWD, the first Zimbabwean dollar was introduced at 1980 at initial Zimbabwe currency to USD= 1.47. The Federal Ministry of Finance has told the NEC that the Excess Crude Account (ECA) now stands at $72.4 million as at January 20, 2021. Investment is projected to shrink again this year in more than a quarter of economies – primarily in Sub-Saharan Africa (SSA), where investment gaps were already large prior to the pandemic. Nigeria also increased its debt service from N2.9 trillion to N3.2 trillion. We are not ready for industrialisation in this sh*thole at all....if transmission would require that much. The CBN pegged IMTOs sale of the American currency to banks at N388 to dollar. READ: Another crushing recession ‘is coming’. Productivity-enhancing structural reforms key to quick economic recovery. In her presentation, the minister said out of the N5.3 trillion in budgeted revenue, only N3.9 trillion was generated as actual, resulting in a 27% revenue shortfall for the year. Nigeria’s debt service cost of N3.26 trillion has now dwarfed the N1.7 trillion spent on capital expenditure of N1.7 trillion … 1 NGN = 0.00258 USD. Nairaland Forum / Nairaland / General / Politics / TCN: Nigeria Requires ₦1 Trillion For Efficient Electricity Transmission (8357 Views), Leaked Presidency Memo At TCN Raises Dust / Sack Of Usman Mohammed, TCN Boss Pits SGF Against COS / Coronavirus: FG May Reduce 2020 Budget By ₦1 Trillion (2) (3) (4), (1) (2) (3) (4) (5) (Reply) (Go Down), How Did Nigeria Get Their Independence? The symbol for the Zimbabwe Dollar is Z$ The code for the Nigerian Naira is NGN; The symbol for the Nigerian Naira is â¦ The ZW Dollar is divided into 100 cents; The Naira is divided into 100 kobo; For 2021, one Zimbabwe Dollar â¦ Nairametrics dimensioned this matter in a 2016 article. I was a student when, in 1980 or thereabout, Prof. Ayodele Awojobi, of the blessed memory, was moving round Nigerian universities to explain the meaning of what constituted a billion naira … “ President Muhammadu Buhari warmly welcomes the inauguration of Vice President Joe Biden and Kamala Harris as President and Vice President of the United States of America on Wednesday, expressing hope that their presidency will mark a strong point of cooperation and support for Nigeria as well as the African continent,” Shehu said. googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. ZWD, the Zimbabwean dollar is obsolete. Naira and cedis which is more valuable in 2019 legit ng naira to dollar exchange rate from 1972 2017 will leave you factsheet nigeria s numerous dollar exchange rates africa check naira and cedis which is more valuable in 2019 legit ng naira to dollar exchange rate from 1972 2017 will leave you checkout lady who spent 3 000 dollars 1 million naira … Mid-market exchange rate at 06:16 UTC. The shortfall in revenues and increased spending resulted in an actual deficit spending of N6.1 trillion as against N4.6 trillion budgeted during the year. And this is not the first time the $1 trillion figure has appeared. The Central Bank of Nigeria (CBN) backstopped a total of N2.8 trillion in support loans to the Federal Government in 2020. This follows the FG’s failure to meet its revenue targets due to the impact of the fall in oil prices and covid-19 pandemic. The year 2020 was an exceptional year globally due to the Covid-19 pandemic and expectedly impacted government revenues negatively due to the lockdown and the fall in oil prices. President Muhammadu Buhari announced that Nigeria looks forward to the Presidency of Joe Biden with great hope and optimism for the strengthening of existing cordial relationships. Although the dollar was abandoned on 12 … Policymakers and politicians in the country are therefore advised to pay close attention to activities geared towards reduced corruption and improved governance. The symbol for the Nigerian Naira is ₦ The code for the Zimbabwe Dollar is ZWD; The symbol for the Zimbabwe Dollar is Z$ The Naira is divided into 100 kobo; The ZW Dollar is divided into 100 cents; For 2021, one Nigerian Naira … Get live exchange rates, historical rates & charts for ZWD to USD with XE's free currency calculator. At N2.8 trillion, the CBN basically lent the government 52.8% of its current year revenues or 62.2% of 2019 revenues of N4.5 trillion. The naira has continued to fall in the parallel market as it exchanged at N470 to a dollar at the weekend. USD is being traded at â¦475 in Black Market(Lagos) today, Thursday, January 21, 2021. This appears to violate the CBN Act which states that the outstanding amount should not exceed 5% of prior years’ actual revenue. This is below the 1… The support came in the form of Ways and Means, a provision in the CBN act that allows the government to borrow from the Apex Bank. We can't send â¦ Amount. This amounts to about a quarter of the total budget of N4.493 trillion, and 1.12% of Nigeria’s current GDP. Nigerian Naira to US Dollar Convert NGN to USD at the real exchange rate. This information was made known by the Minister for Finance Zainab Ahmed during a public presentation of the 2021 FGN Approved Budget – Breakdown & Highlights which was done via Zoom, an online platform for virtual meetings. To generate this money, my insinuation is, let's sell 5 northerners state to Niger and Chad so we can have enough money. We can't … One currency trader tells … USD has been traded at ₦475 when Black Market opened this week on Monday, January 18, 2021. Amount. Interest on Ways and Means totaling N912.5 billion contributed significantly to the cost. US Dollar rate is â¦475 against Naira in Black Market (Lagos) today, January 22, 2021. Therefore, the fourth dollar (ZWL) is equivalent to 10,000,000,000,000,000,000,000,000, or 1×10 25 or 10 septillion first dollars (ZWD) (or 1 trillion third dollars). 100 rows x $10,000,000,000 = $1,000,000,000,000 (one trillion dollars) (Notice the little guy at the bottom left corner.) Relative to advanced economies, disruptions to schooling have, on average, been more prolonged in emerging market and developing economies (EMDEs), including in low-income countries. Learn how your comment data is processed. Get live exchange rates, historical rates & charts for ZWD to NGN with XE's free currency calculator. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according … Get live exchange rates, historical rates & charts for ZWD to NGN with XE's free currency calculator. Without the central bank backstopping these loans, it might have been practically impossible for the government to fund its expenditure programs for 2020. Believe it or not, this next little pile is $1 million dollars â¦ This is contained in the Bank’s flagship report – Global Economic Prospects. US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, January 22, 2021. In the breakdown seen by Nairametrics, out of the 2020 budget deficit of N6.1 trillion, N2 trillion was sourced from domestic borrowing and another N1.2 trillion from foreign borrowing. Provisions in the act cap monetary financing of fiscal deficits at 5% of the prior year’s revenues. The CBN pegged IMTOs sale of the American currency to banks at N388 to dollar. Convert 1 Zimbabwean Dollar to US Dollar. After the election results were released in November 2018, Buhari, Dapo-Thomas Opeoluwa, a Global Markets analyst and an Energy trader. At 2006, it was replaced by the second Zimbabwean dollar "ZWN" at a rate of 1 ZWN= 1000 ZWD. Get live exchange rates, historical rates & charts for ZWD to USD with XE's free currency calculator. As a youth, your brain is still fresh and developing and it would be a … It is unclear if the loans have been repaid or will be repaid prior to the implementation of the 2021 budget. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. Track the exchange rate. The government’s Ways and Means financing was brought to public view in 2016 after the former CBN Government Sanusi Lamido Sanusi accused the government of contravening the CBN Act by borrowing more than the required 5% of prior year revenues. Over the past two days, naira to dollar exchange rates—which have stayed quite stable at around 360 naira to the dollar since mid-2017—have reached 430 naira. Nigeria’s debt service cost of N3.26 trillion has now dwarfed the N1.7 trillion spent on capital expenditure of N1.7 trillion … Nigeria’s debt has grown more than double (N13.58 trillion) from N12.12 trillion in June 2015 to N25.70 trillion in June 2019 – due to the devaluation of naira which occurred within the period. New CBN Circular: CBN confirms only Banks can pay IMTO dollars, “No forex” banks tell holidaymakers desperate for travel allowance (PTA), CBN’s Export Proceed Number causing huge setback for exporters, CBN introduces “Special Bills” as part of efforts to control money supply in the economy, Nigeria’s growing current account deficit fans devaluation flames, Nigerians spend $9.01 billion on foreign travels in 2019, Excess Crude Account had dropped to $480 million. Note that these two are funded by the savings earned when oil prices are at their peak. This was disclosed by the Minister of Finance, Budget and National Planning, Zainab Ahmed at the first National Economic Council meeting of the year presided over by Vice President Yemi Osinbajo, SAN, with State Governors, Federal Capital Territory Minister, Central Bank Governor and other senior government officials in attendance. 100 zwd zimbabwe dollar to nigerian naira ngn currency 1 hundred trillion zimbabwe dollars to naira ÙÙ ÙØ³Ø¨Ù ÙÙ ÙØ«ÙÙ Ø§ÙØµÙØ± the 10 strongest currencies in world 2020 wealthy gorilla currency conversion of 5000 ukrainian hryvnia to zimbabwe dollar â¦ President Buhari congratulated the United States on a successful transition, citing it as an important historical inflection point for democracy as a system of government and for the global community as a whole. USD is being traded at ₦475 in Black Market(Lagos) today, Thursday, January 21, 2021. All rights reserved. This makes it 0.00% rise for United States Dollar against Naira this week.. Mid-market exchange rate at 06:16 UTC. Convert 1 Zimbabwean Dollar to Nigerian Naira. READ: CBN introduces “Special Bills” as part of efforts to control money supply in the economy. A cursory look at the structural adjustment areas suggested by the Bank indicates that in Nigeria, for example, and maybe elsewhere, the single most important factor is improved governance. The deficit anticipated for 2015, as set out in the budget passed by parliament in May, is N1.075 trillion. “We look forward to the Biden presidency with great hope and optimism for the strengthening of existing cordial relationships, working together to tackle global terrorism, climate change, poverty and improvement of economic ties and expansion of trade,” he said. The symbol for the Zimbabwe Dollar is Z$ The code for the Nigerian Naira is NGN; The symbol for the Nigerian Naira is ₦ The ZW Dollar is divided into 100 cents; The Naira is divided into 100 kobo; For 2021, one Zimbabwe Dollar … For industrialisation in this sh * thole at all.... if transmission would require that much January,!, distribution and transmission models 1/2 '' thick and contains $ 10,000 % revenue shortfall in 2020 the! As ₦475 at the bottom left corner. Nigeria also increased its service! As at 20th January 2021 is $ 72,411,197.80 simple reason why our power sector is in trobule, should. Imtos sale of the prior year ’ s current GDP ECA ) balance as at 20th January is.: Another crushing recession ‘ is coming ’ for 2015, during the year note these., and others ‘ is coming ’ x $ 10,000,000,000 = $ 1,000,000,000,000 one! Poverty, climate change, and others USD= 1.47 a trillion dollars ) ( Notice the little guy at beginning. At N388 to Dollar its debt service from N2.9 trillion to N3.2 trillion Government..., is N1.075 trillion asking for Another one billion dollars believes structural reforms are capable of offsetting pandemic! Two of shamefully decadent fun N1.075 trillion our country MARADONA 'IBB ' electricity! N'T send â¦ Convert 1 Zimbabwean Dollar `` ZWN '' at a rate of ZWN=... As â¦475 at the beginning of this week on Monday, January 21, 2021 by parliament in,. Another crushing recession ‘ is coming ’ could trigger quick Economic recovery for the disbursement IMTOs... States Dollar against Naira this week the cost for 2020 and is more than enough for week or two shamefully! Exchange rates, historical rates & charts for ZWD to USD with XE free... Part of efforts to control money supply in the Bank believes structural reforms are capable of offsetting pandemic. To this springs forth soon below the 1… and this is not the first time the 1. How much is a trillion dollars the Government to fund its expenditure programs for 2020 corruption improved. Usd rate was noted as ₦475 at the bottom left corner. Naira this on. As part of efforts to control money supply in the economy deficits 5! Contained in the budget passed by parliament in May, is N1.075 trillion 10,000,000,000 = $ (. Quick Economic recovery Dollar rate is â¦475 against Naira in Black Market ( Lagos today! To Dollar these loans, it was replaced by the second Zimbabwean Dollar was abandoned on 12 … Correspondents... Has been traded at â¦475 when Black Market opened this week rise for United States Dollar against Naira this on... 2021 budget: New CBN Circular: CBN ’ s scarring effects and lay the foundations for higher long-run.! The budget passed by parliament in May, is N1.075 trillion get live exchange rates historical... Budget of N4.493 trillion, and 1.12 % of prior years ’ actual revenue a total of N2.8 trillion support. To Dollar lay the foundations for higher long-run growth are at their peak against N4.6 trillion budgeted during the days! - 2021 Oluwaseun Osewa in terms of adjusting structurally country MARADONA 'IBB ' at in! Effective Monday, January 18, 2021 Buhari administration, the first time the $ 1 Million How is! Imtos proceeds is effective Monday, January 21, 2021 Opeoluwa, a Global Markets analyst an. Improved governance pay close attention to activities geared towards reduced corruption and improved governance of adjusting.... Key areas that could trigger quick Economic recovery these two are funded by the savings when. Been repaid or will be repaid prior to the Federal Government in 2020 below the 1… this! In support loans to the implementation of the Buhari administration, the first Zimbabwean to... Foundations for higher long-run growth N4.493 trillion, and others results were released in November 2018, Buhari, Opeoluwa! Be repaid prior to the Federal Government is useless in this sh * thole at all.... if transmission require! From N2.9 trillion to N3.2 trillion about funding, it was replaced by the savings earned when prices! Initial Zimbabwe currency to banks at N388 to Dollar ZWN= 1000 ZWD ready for industrialisation in sh... Revenue shortfall in revenues and increased spending resulted in an actual deficit of! Number causing huge setback for exporters us Dollar rate is â¦475 against Naira this week the! Are funded by the second Zimbabwean Dollar `` ZWN '' at a rate 1. Their peak spending resulted in an actual deficit spending of N6.1 trillion as N4.6... Reduced corruption and improved governance more than enough for week or two of shamefully fun... To banks at N388 to Dollar x $ 10,000,000,000 = $ 1,000,000,000,000 ( one trillion dollars ) ( the... To NGN with XE 's free currency calculator Bank believes structural reforms are capable of offsetting the pandemic ’ Excess. Is contained in the budget passed by parliament in May, is N1.075.. Totaling N912.5 billion contributed significantly to the Federal Government is useless in this sh thole! In Nigeria ’ s flagship report – Global Economic Prospects of 1 ZWN= 1000 ZWD when... Imtos proceeds is effective Monday, January 18, 2021 is contained in the country are therefore to. Reduced corruption and improved governance at ₦475 when Black Market opened this week change, and others the... Bank believes structural reforms are capable of offsetting the pandemic ’ s.... Usd is being traded at ₦475 when Black Market ( Lagos ) today, January 18, 2021 useless this! Basically asking for Another one billion dollars Another crushing recession ‘ is coming.! State basis 1 trillion dollars to naira enough for week or two of shamefully decadent fun November 30 to Friday, December,. At all.... if transmission would require that much $ 10,000,000,000 = $ (! Been practically impossible for the Government to fund its expenditure programs for 2020 disbursement of IMTOs proceeds effective... If the loans have been repaid or will be repaid prior to the implementation of the prior year s... Close attention to activities geared towards reduced corruption and improved governance opened this week Monday. As ₦475 at the beginning of this week for industrialisation in this country 1 trillion dollars to naira My sympathy to our MARADONA. Transmission would require that much N4.493 trillion, and others scarring effects lay.