N614bn Bailout: Governors Give Condition For Repayment - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
September 20, 2019
The Nigerian Governors Forum, NGFhas demanded an audit of the six hundred and fourteen billion naira bailoutfunds from the Federal Government as a condition for the repayment of the loan.
The Forum’s Chairman and Ekiti StateGovernor, Kayode Fayemi said that it was important that an audit andreconciliation of accounts on the bailout fund is carried out between the federaland state governments, as a pre-condition for repayment.
In a communiqué issued after themeeting between the Governors and the Federal Government finance team, thechairman said governors have never been opposed to payment of loans, and theydo not want a situation that their banking and financial system will be inthreat.
The Minister of Finance, Budget andNational Planning, Zainab Ahmed, at the Public Consultation Forum on the draft2020-2022 Medium Term Expenditure Framework in Abuja on September 10,said the deductions will begin in two weeks, that is as from September 27.