- Fayemi restates opposition to NFIU’s directive to banks on joint accounts
Francis Ndubuisi in Abuja and Ojo Maduekwe in Lagos
Worried by the intractable problem of fuel subsidy, which has affected the amount of money available for distribution among the three tiers of government, governors of the 36 states of the federation are mulling presenting to the federal government a demand for their shares and those of the local governments from the Federation Account to be given to them in dollars.
One of the governors confided in THISDAY at the weekend in Abuja that their efforts to resolve the issue so far has failed to yield any positive result due to pushback from some federal government officials, who believed a full deregulation of the downstream sector of the oil industry, which would lead to uncapping petrol price would be injurious to the poor, whom President Muhammadu Buhari has vowed to protect from the vulnerabilities of the nation’s economy.
The governors upcoming push…
Source: Thisday Newspaper
