Akwa Ibom State Government has explained misconception over the proposed restructuring of its commercial bank loans to federal government bonds.
Explaining government's position on the issue during a press briefing at the Ministry of Finance Headquarters yesterday in Uyo, the state Commissioner for Finance, Mr. Akan Okon stated that the restructuring platform was a palliative mechanism created by the federal government to ease the financial pressure on states in the course of servicing their bank loans.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article