President Muhammadu Buhari has approved the withdrawal of 150 million dollars from the Nigeria Sovereign Investment Authority Stabilization Fund to support the June 2020 FAAC disbursement.
Ahmed said that the fund was also to address these emerging fiscal risks that the pandemic had caused. She explained that based on the fiscal assumptions underpinning the 2020 Appropriation Act, monthly Federation Account Allocation Committee disbursements to the Federal and State Governments were projected at N888.5 billion.
“Mr President has also approved that the Federal Ministry of Finance, Budget and National Planning should engage with the CBN 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.
This measure is inevitable. Read the content pls.
To do what exactly They keep withdrawing money but doing nothing.
Read!
And they said Nigeria is not in trouble
Is this man crazy?
Looting in progress. Sad!
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Source: DailyPostNGR - 🏆 11. / 59 Read more »