ABUJA- Nigerian President Muhammadu Buhari active off on a 656.1 billion naira ($1.60 billion) bridging ability to assists states disturbing to accord bailouts, the accounts abbot said on Tuesday.
The facility, which would be accepted to states over a aeon of six months, is aimed at “cushioning the aftereffect of the resumption in the claim of the three (government) bailout facilities,” Accounts Abbot Zainab Ahmed said in a statement.
In 2015, Buhari’s government bailed out accompaniment governments which faced 658 billion naira in debt and said they bare federal government abutment to account a allotment crisis.
($1 = 410.4200 naira)
(Reporting By Camillus Eboh, added advertisement by Chijioke Ohuocha; Writing by Libby George; Editing by Catherine Evans) ((Libby.George@thomsonreuters.com; 234 809 065 5059 ; Reuters Messaging: libby.george@thomsonreuters.com))
How To Write A Ksa – How To Write A Ksa
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