The Minister of Finance, Zainab Ahmed, has disclosed that the states that took the federal government loan for bailout have started repaying the loan.
The disclosure followed a question by the Chairman of the Committee, James Faleke on the status of the loans given to states to bail them out. Speaking further on companies bailed out, he noted that the “institutions are under Asset Management Corporation of Nigeria , currently AMCON is stressed, the assets bought by AMCON are not repaying back.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finance Minister: Nigeria Has Revenue Problem Not Debt Crisis - THISDAYLIVEAdedayo Akinwale ín Abuja Minister of Finance, Zainab Ahmed, has said that contrary to speculations, the country is not in debt crisis, but admitted that it has revenue generation problem. Ahmed disclosed this Wednesday while speaking on the proposed 2020 budget at the National Assembly public hearing on the budget. She said that the federal … Still the same thing Affidavit Executives words Please stop confusing yourself with simple English Inability to design good policy that help revenue generation leads to the Present $24billion dollars debt the country is owing presently Debt and Revenue are both Siamese 😳 With NNPC, FIRS, NPA, CUSTOMS, IMMIGRATION, JAMB... I dare say Nigeria has a 'spending' not revenue problem dear Honourable minister Ma. farooqkperogi cchukudebelu CACCOT1 Revenue problem, Debt crisis, long and short is that we have money problem.
Source: THISDAY LIVE - 🏆 14. / 51 Read more »