THE
DAILY
TIMES
N5.1b fraud: EFCC arraigns ex-Jonathan’s aide, Dudafa today Peter Fowoyo
ÏÏÏFormer Special Assistant on
Domestic Affairs to the former President Goodluck Jonathan, Warpamo Owei Emmanuel Duda-
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90
Sheriff contracted YEARS OF by APC to destabilise PDP, JOURNALISM says Makarfi’s committee 6 Ï jè 1 ƒƆƏ Ə è M dd ƌƆƌƄƆƏ ƌƆƆƐ Ɛ Ɨ ƕ Ï ^ Ɨƈ ƌƈ Ɔ ƋƋƆ Ɛƈ óƄ ƆƋƆ è Ƌ Ƒ ƄƋƆô
WEDNESDAY, JUNE 15, 2016 VOL. 2. NO. 131
N150
FG offers states N50b conditional loan facility Matthew Dadiya ƄƑƉ
ÏÏÏThe
federal government, on Tuesday, admonished states governments to look inward to identify other sources of revenue that would make them more economically
viable and financially independent, rather than solely relying on monthly Federal allocations. This may entail, in certain states, a fundamental review of the role of government in line with revised objectives, but will yield long term sustainable dividends.
Minister of Finance, Mrs Kemi Adeosun stated these in Abuja during a stakeholders meeting held with Commissioners of Finance on the Fiscal Sustainability Plan (FSP). Mrs. Adeosun disclosed that a conditional Budget Support Facility to provide financial relief to State
Governments was being developed by the Federal Government. The minister said that the loan facility for the 36 states would be N50 billion which would be access by states that meet the condition for the loan and will also be accessible in every three months with a repay-
ment period of 18 months; explaining that “the loan is a bond guaranteed by the federal government.” The minister explained further that “by agreeing that further financial support under this guaranteed Continued on page 6
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NSE QUICK BITE
GAINERS AS AT 14th June, 2016 NEM
1.05
0.05
5.00%
CONTINSURE
1.10
0.05
4.76%
LOSERS GLAXOSMITH 16.44 UNITYBNK
1.03
-1.77
-9.72%
-0.10
-8.85%
Omotola
People don’t know I’m very emotional L1
Militants’ attacks could cost N’Delta region 28 13% derivation, says Abdulsalami