As every state has declared itself broke and in need of government bail out, the Minister of Finance, Mrs. Kemi Adeosun, has met with the thirty-six commissioners of finance and a list of conditions for being eligible for the bail out has subsequently been released. They include the following amongst others:
- Every state government MUST enrol into the Treasury Single Account scheme (TSA) with the CBN.
- Every State government MUST complete Technology Driven Biometric Capturing of all employees on govt payroll.
- Every State government MUST cut the cost of running governance in each state and reduce the number of their political appointees! Hahahaha – this should be good!
- Every state government must sign an agreement for Federal Government Ministry of Finance and ICPC routine audit.
Any State Government that feel they have “strong head” can as well seek non-transparent bail out loan elsewhere?
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