FG Stops Deduction of State Loans

76 views0

FG Stops Deduction of State Loans

By Correspondent

 The National Economic Council (NEC) has stopped further deduction of state governments’ loans from their accounts maintained in the Federation Account. Making this known, the Minister of Finance, Kemi Adeosun, explained that the repayment of the loans to the Federation Account was deferred to allow states have enough money in their coffers to pay workers’ salaries and meet other obligations in their states. The minister spoke at the end of the NEC meeting which was presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. 

Discover more from NewsBreakers

Subscribe to get the latest posts sent to your email.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Previous
Next

Comments are closed.