FG approves N2.7 trillion inherited debt payment to contractors, employees

FG approves N2.7 trillion inherited debt payment to contractors, employees

The Federal Executive Council on Wednesday gave approval for the commencement of validation and payment of N2.7 trillion inherited Federal Government debts to contractors and employee liabilities. The obligations which were accumulated over 20 years and will be paid through bond and promissory note issuance, to resolve long outstanding dues and stimulate economic activity, Minister of Finance…

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