The News Agency of Nigeria (NAN) reports that the development was sequel to the notice given to the states by the Federal Government to recover the loan facility.
The governors, according to the meeting agenda, would deliberate on getting an update on deductions for budget support facility from the appropriate organ of government.
They were
The International Monetary Fund’s (IMF) executive board approved a bailout worth nearly $449 million for OPEC member Congo Republic on Thursday, potentially setting a precedent for other nations struggling under the weight of large debts to China.
Congo’s economy suffered from a sharp drop in crude prices in 2014, and debt levels had ballooned to 118% of GDP by 2017. But even as its oil producing neighbors secured IMF programs, Congo’s negotiations for a bailout dragged on for two years.
The Fund demanded that Congo ensure the long-term sustainability of its debt as a precondition for a three-year extended credit …
South African President Cyril Ramaphosa concluded a much-anticipated visit to Zimbabwe on Tuesday, dashing any lingering hopes that his country would bail out its economically-troubled neighbour.
Ramaphosa commended the new administration of Emmerson Mnangagwa for its bid to revive the economy and promised to explore a number of options of financial help.
