For local development, put pressure on state governors not just the President - Vanguard News

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For local development, put pressure on state governors not just the President vanguardngr.com vanguardnews

. Unfortunately, in Nigeria, the best and brightest rarely get the opportunity to show things could be done differently.

The NFIU is also acting to curb cash withdrawals from local government accounts so that any transaction over N500,000 must be done using cheques or electronic transfers which can be traced. When past governments constantly wrote off debtors’ loans and left a hole in the treasury, upsetting the balance of payments with the Central Bank of Nigeria, CBN, which would then have to be offset through tax payers funds, the entire economy suffers.

 

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vanguardngr The president of course is not the only one ruling,the governors are the ones compromising issues the most.they should be pressurized

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