CASH CRUNCH HITS FG, PRELUDE TO ECONOMIC CRISIS, SEE MEMO

Readers of abujareporters will easily recall our post yesterday, an article written by Dele Sobowale,, published through this link https://abujareporters.com/nigerian-economy-in-crisis-yet-who-will-tell-the-president/

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In that writeup the author revealed that there are already major shortfalls in oil and other revenues and that latest by May, FG may not be able to meet even its salary obligations.

Well, less than twenty four hours after the situation as described in the  publication was confirmed that all is not well with iFG’s finances.

In a memo generated by authorities of one of FG owned institutions, they revealed that there is a shortfall in revenue hence inability to meet salary commitments for the Month of March.

See memo.