1. July 2015: N804.7b Intervention package
2. April 2016: N10.9b Deferred Obligations
3. September 2016: N40b Budget Support loan
1. How much has the FGN paid into the Sovereign Wealth Fund?
2. How much has the FGN paid into the Retirement Savings Accounts of their own civil servants?
These questions are rhetoric…what I am really asking was there really no better use for N855.6b?
In 2015, Nigeria FG broke that reinvesting chain.
The FGN has also issued the states a 22-point plan to get their accounts in order, it’s an impressive and extensive list, well thought out.
The FGN must stop bailing out the states, the states must restructure….that really is the only solution.