Federal government faces reality on bail-out
“...every Nigerian is now sober. The governors have realized now that this can happen and that oil prices can plummet from $100 to $28 within a short period of time, and that we can be so exposed that we can’t even pay salaries…”So there is a sobriety that has come in. So, we are working with the states and we are not bailing them out. We have said to them that we have a fiscal restructuring plan…”Whatever we are doing will be conditional. Mrs Adeosun, Federal Minister of Finance, May 5, 2016.
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Federal government faces reality on bail-out
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