WAIFEM, Others Oppose Governors’ Push For FAC In Dollars
October 21, 2019
2:32 am
The West African Institute for Financial and Economic Management (WAIFEM) and some other industry stakeholders have kicked against the planned bid by the governors of the 36 states of the federation to demand that their shares and those of the local governments of monthly allocation from the Federation Account should be given to them in dollars.
Speaking in separate interviews with newsmen, they said the move by the state governors did not make any economic sense and would resort to volatility in the system.
Journalists last week reported exclusively that worried by the intractable problem of fuel subsidy, which had …
