Nigeria Federal Government suspends state’s loan deduction

The NEC (National Economic Council) of Nigeria have suspended the deduction of state loans from their account with federal government after a meeting on Thursday. Many States have taken one or the other loans that are being deducted from monthly allocation by the federal government.
The finance minister, Kemi Adeoshun said, the decision was taken to make state government able to pay their workers salaries and do other necessary things. She said, federal government is committed to helping state governments during this hard time.

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