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Showing posts from May, 2016

Bailout fund

Nigeria’s President, Muhammadu Buhari has approved a whooping sum of 400bn Naira to settle the ongoing crisis over unpaid salaries. With several states crying out that they are in debt and some states not being able to settle salaries of over 7 months, the president has had to intervene to get the nation back on track. He today approved a relief package valued at over N400bn, which would then be distributed evenly between the states of the federation.