‘Bailout funds’ as albatross of states
Barely three months after the inauguration of President Muhammadu Buhari, the Federal Government unveiled a script to convert commercial debts of 22 states to bonds.
How N10b bailout fund was expended, by Yobe gov
Yobe State Governor Ibrahim Gaidam yesterday clarified how the N10 billion bailout fund received from the Federal Government was expended.
Why TUC shunned strike - President
Mr. Bobboi Kaigama, the President of Trade Union Congress of Nigeria (TUC), on Sunday said the union shunned the ongoing strike by Nigeria Labour Congress (NLC) in the best interest of Nigerians.
Greece to adopt more cuts, tax hikes for bailout cash
Greece on Sunday was set to adopt fresh cuts and tax hikes ahead of a Eurogroup meeting that is expected to unlock desperately needed bailout funds for the debt-ridden nation.
‘States’ financial mess is ticking time bomb’
The Federal Government’s recent N222bn bailout to states and loan restructuring may have worsened Nigeria’s chances of economic recovery in the nearest future, experts say.