@Do you know NG


To help all the 36 states not to become cashstrapped, so much as not to be able to even meet their obligations of paying workers’ salaries due to their ongoing repayments of loans that they took from the federal government a while back, do you know that the Buhari administration has just approved a fresh cash bailout for them to enable them remain economically afloat and meet their obligations?

The bailout, which is worth N656.1bn will be given to the states before the end of November 2021 after all the necessary due diligence has been concluded, as disclosed by the Minister of Finance, Budget and National Planning, Hajiya Zainab Shamsuna Ahmed during the meeting of the National Council on Finance and Economic Development in Lagos on Monday, November 15, 2021.

With this development, it is expected that this fresh injection of funds into the economy by the Buhari administration will help spur socioeconomic activities across the country, with the attendant value of reflating the economy and shoring up public spending, which could boost investors confidence in entrepreneurial activities in Nigeria.

Yes, Nigeria is on track!


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