BUSINESS

FG Vows To Checkmate Indiscriminate Borrowing By States

Worried by the indiscriminate borrowing by state governments from banks and the capital market, the Federal Government has commenced a process to check such borrowing. Consequently, the Fiscal Responsibility Commission, FRC, has issued a guidelines on conditions a state government must meet before borrowing from any bank, in the country. Barrister Charles Abana, the Head, Directorate of Legal, Investigation and Enforcement...