• Each state to get N800m to pay salaries, othersOlalekan Adetayo, AbujaThe Federal Government has approved a fresh budget support loan facility for 35 states across the country. Each of the states will get N800m, totalling N28bn to meet their salaries and other obligations. He said, “Signs of recovery had been observed since Q3 2016 and the recovery consolidated in Q3 2017 with GDP doubling to 1.40 per cent Non-oil GDP contracts in Q3 2017 by 0.76 per cent after growing in Q1 R Q2 2017. “While the Services sector is still in the negative, the Manufacturing Sector grows negative in Q3 2017 also. “The total value of capital importation at the end 2017 of Q3 stood at $4.14bn (131.3 per cent growth year on year).”Copyright PUNCH.

Source: Punch November 24, 2017 00:11 UTC