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Smart governors indeed

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TAKING advantage of COVID-19, the Nigeria Governors Forum is already seeking suspension of payment of debts they acquired before the pandemic.

After a teleconference on Wednesday the NGF cane up with a communiqué signed by the Forum Chairman and Governor of Ekiti State, Dr. Kayode Fayemi.

The NGF said: “Following a briefing from the Minister of Finance, Budget and National Planning on fiscal measures taken by the Federal Government to mitigate the economic impact of COVID-19 pandemic, the Forum called for urgent fiscal measures to safeguard the liquidity of state governments.

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“This includes the acceleration of an arrangement to suspend all state deductions and restructure all debt service payments on Federal Government and Central Bank of Nigeria-owned debts.”

A Presidency source said:” These governors are just being smart. They are already having financial problems.  COVID-19 is a perfect excuse to ask for such concession. We cannot blame them. “

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