Why Imo govt embraced N100 billion FSL support

Why Imo govt embraced N100 billion FSL support

By Chinonso Alozie, Owerri

The Imo state government yesterday said it accepted to work with Nigerian Investment Bank, FSL Securities Limited to raise N100 billion because the government was in need of funds to address infrastructure challenges in the state.

The Deputy Governor of the state, Gerald Irona, stated this at the Government House in Owerri,  when the Group Managing Director of the organization, Chris Okenwa, visited him.

According to Irona, the FSL has come to provide an alternative to revenue generation and not the continued relying so much on federal government allocations to the state.

Continue reading Why Imo govt embraced N100 billion FSL support at Vanguard Nigeria.

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