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| Minister of Finance Kemi Adeosun |
Following the harsh economic realities
hitting Nigeria presently and the in ability of some state government to fulfill
their salary obligation, the federal government has approved the deferment of
loan repayment by state to stimulate the economy.
Addressing state house correspondents
after the National Economic Summit meeting, Minister of Finance Kemi Adeosun says
State governments have been told to submit their financial data to enable the
ministry come up with a module on the deferment process.
Kemi Adeosun also revealed excess crude
account presently stands at 2.6 billion dollars, adding that the government is
desirous of constituting Sovereign wealth council.
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| Governor of Nasarawa State Tanko Almakura |
Governor of Nasarawa State Tanko
Almakura who accompanied the finance minister to the briefing, says council
deliberated on the current Power issue as well as the current state of the fuel
distribution in the country.
Vice President Yomi Osinbajo presided
over the National Economic Council meeting.
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