#n90b

Nigeria Will Loan Cash-Strapped States N90B – Kemi Adeosun

Nigeria’s government will loan its states a total of 90 billion naira ($453 million), in its latest effort to augment their monthly income and ease strain caused by plunging oil revenues, the country’s finance minister said.

The funds will help tide the 36 states over for a year as they get their finances in order, Finance Minister Kemi Adeosun said late on Tuesday. The loan is structured as 50…