States nationwide have been given till the end of today to submit the list of their loan obligations and other indebtedness by the Central Bank of Nigeria, CBN.
According to the Governor of the CBN, Godwin Emefiele, this is to help them restructure their loans with commercial banks. He made this known during the extra-ordinary meeting of the Federation Accounts Allocation Committee, FAAC, this week.
The CBN’s assistance would come in the form of concessionary rates to interested states and it is part of the bail out package by President Buhari government to help most of the states pay workers salaries owed for months.
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