• Relief for states as President Buhari suspends loans deduction

    Relief for states as President Buhari suspends loans deduction

    Workers who have gone on for many months without salaries got yesterday a piece of cheery news.

    States’ loans repayment is to be deferred this month to allow them pay workers’ salaries, which have run into many months arrears.

    But what the states pay to banks as a result of the Irrevocable Standing Orders (ISOs) will not be affected.

    About N10.9billion is the extra cash that the states will take away, depending on their repayment obligation to the Federal Government.

    About 27 states are […]