Tuesday, November 1, 2011

States are broke, says CBN governor

The Nation
30 October 2011

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GOVERNOR of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has said most of the states and local governments in the country are unviable.

He questioned the rationale behind the creation of more states, local government and ministries which are not economically viable. Sanusi's declaration lends credence to the assertion by the Senate that most states of the federation are financially unhealthy.

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