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authorized Signatory from uguba ndubuisi
Wednesday 15 June 2016
FG ban states from bank loans The Federal Government has barred banks in the country from giving loans to state governments. The decision was taken in line with the Fiscal Sustainability Plan, FSP, which has been agreed to by the Federal Government’s economic team and state governors, to ensure prudent management of sub-national resources. This comes as the Central Bank of Nigeria, CBN, will today announce details of the much anticipated ‘flexible’ foreign exchange rate policy. President Muhammadu Buhari’s administration, Finance Ministry sources said, was disappointed at the manner some past and current governors took loans from banks and misapplied such funds, while mortgaging their states’ finances. Currently, some states are left with too little to meet even their recurrent obligations, after deductions are made from their monthly federation account allocations. Read more at: http://www.vanguardngr.com/2016/06/fg-bars-states-bank-loans/
FG bars states from bank loans
The Federal Government has barred banks in the country from giving loans to state governments.
The decision was taken in line with the Fiscal Sustainability Plan, FSP, which has been agreed to by the Federal Government's economic team and state governors, to ensure prudent management of sub-national resources.
This comes as the Central Bank of Nigeria, CBN, will today announce details of the much anticipated 'flexible' foreign exchange rate policy.
President Muhammadu Buhari's administration, Finance Ministry sources said, was disappointed at the manner some past and current governors took loans from banks and misapplied such funds, while mortgaging their states' finances.
Currently, some states are left with too little to meet even their recurrent obligations, after deductions are made from their monthly federation account allocations.
Read more at:
http://www.vanguardngr.com/2016/06/fg-bars-states-bank-loans/
--
authorized Signatory from uguba ndubuisi
The Federal Government has barred banks in the country from giving loans to state governments.
The decision was taken in line with the Fiscal Sustainability Plan, FSP, which has been agreed to by the Federal Government's economic team and state governors, to ensure prudent management of sub-national resources.
This comes as the Central Bank of Nigeria, CBN, will today announce details of the much anticipated 'flexible' foreign exchange rate policy.
President Muhammadu Buhari's administration, Finance Ministry sources said, was disappointed at the manner some past and current governors took loans from banks and misapplied such funds, while mortgaging their states' finances.
Currently, some states are left with too little to meet even their recurrent obligations, after deductions are made from their monthly federation account allocations.
Read more at:
http://www.vanguardngr.com/2016/06/fg-bars-states-bank-loans/
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authorized Signatory from uguba ndubuisi
INTERVIEW:on Impact Of Technology On Child Development INTERVIEW: Impact Of Technology On Child Development Co-founder of Tech Quest Camp, Charles Emembolu, shares his opinion on the role of technology in child development on Tech Trends
INTERVIEW: Impact Of Technology On Child Development
INTERVIEW: Impact Of Technology On Child Development
Co-founder of Tech Quest Camp, Charles Emembolu, shares his opinion on the role of technology in child development on Tech Trends
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authorized Signatory from uguba ndubuisi
epl 2016&2017 match Fixtures Sat 13 Aug 2016 KO Arsenal v Liverpool 15:00 Bournemouth v Man Utd 15:00 Burnley v Swansea 15:00 Chelsea v West Ham 15:00 Crystal Palace v West Brom 15:00 Everton v Spurs 15:00 Hull v Leicester 15:00 Man City v Sunderland 15:00 Middlesbrough v Stoke 15:00 Southampton v Watford 15:00
epl 2016&2017 match Fixtures Sat 13 Aug 2016 KO Arsenal v Liverpool 15:00 Bournemouth v Man Utd 15:00 Burnley v Swansea 15:00 Chelsea v West Ham 15:00 Crystal Palace v West Brom 15:00 Everton v Spurs 15:00 Hull v Leicester 15:00 Man City v Sunderland 15:00 Middlesbrough v Stoke 15:00 Southampton v Watford 15:00
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authorized Signatory from uguba ndubuisi
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authorized Signatory from uguba ndubuisi
Our pilules will cheer it up!
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