"> #Nigeria to Reschedule Repayment of States' Debt-Finance Minister - Sahel Standard
May 30, 2020
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#Nigeria to Reschedule Repayment of States’ Debt-Finance Minister

President @MBuhari has approved that @FinMinNigeria should engage with @cenbank to agree on a debt and interest moratorium for States on Federal Government and CBN-funded loans, in order to create fiscal space for the states, given the projected shortfalls in FAAC allocations,Minister of Finance ,Zainab Ahmed has disclosed

“The details of the moratorium for States on Federal Government and CBN-funded loans will be expeditiously worked out with a view to submitting the final proposals for Mr. President’s guidance and final approvals”,she said.

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