Nigerian govt to deduct N614bn bailout loans from states’ September allocations
The money was provided at a 9 per cent interest rate, with a grace period of two years.The lobby, however, appears to have failed.
She said the process will not require a consideration of the fiscal strategy paper implementation, but to ensure the states stayed on the path of fiscal sustainability. The minister revealed that the federal government is considering a review of the various incentives and waivers granted to investors and businesses.
She said it is difficult for the waivers to be removed overnight, considering that businesses had already taken investment decisions based on those incentives.
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