state house was addresed, after the meeting was heald., the Vice President, Namadi Sambo, held at the presidential villa, Niger State Deputy Governor, Mr. Ahmed Ebeto, said, After the end of Debt Data Reconstruction exercise, took place, the total debt of the Federal Government, States and Federal Capital Territory (FCT) stood at N8.07 trillion December 2011 consisting of N6.85 trillion for Domestic Stock and N1.217 trillion for external stock.
were, public debt/GDP ratio stands at 21.5 per cent as against the standard threshold of 40%
All states and FCT are within the liquidity solvency, sustainability thresholds. The executive Director General of the Debt Management Office, Dr. Abraham Nwankwo, said his office highlighted the gains recorded on public debt management including the successful completion of Debt Data Reconstruction exercise in all 36 states and the FCT in last December.
The council commended the DMO for the detailed information in the report and advised the state governments to strengthen the state DMO offices to facilitate timely and accurate update of debt information. Governor of Edo State, Adams Oshiomhole, said the governors agreed to ask the Independent National Electoral Commission to grant them discounts on its used laptops, which agreed to sell to them.
He commented that, Council discussed and suppor INEC’s proposal at the last NEC to sell off a total of 78,701 excess laptops and webcams to the states for distribution to Secondary Schools for the promotion of computer literacy. in nigeria
the Council agreed that states are going to buy the machines and INEC should give discount of 25% for the fairly used machines and 10% for the brand new ones. they further talked on the mode of payment will be finalised by the committee with INEC.
Governor Ibrahim Dankwambo of Gombe State said the NEC also revisited the presentation at the last NEC by the Minister of Finance, Dr. Ngozi Okonjo-Iweala, on concessionary facilities being offered to both Federal and State Government by different international funding agencies.
according to him, the facilities, , are meant to fund high impact projects in vital areas such as infrastructure, housing, water supply, erosion control and employment opportunities.
The governor said the NEC resolved to establish a subcommittee to follow up and work with interested states towards a betterment and coordination of the processes to enhance easier and quicker draw down.
He statetde members of the committee to include governors of Benue, Anambra, Bauchi, Kaduna, Delta and Ondo state.
according to him others, , are Minister of Finance, Minister of National Planning, Chief Economic Adviser to the President and Special Adviser to the President on Economic Matters. State governors, AttorneyGeneral of the Federation, Ministers of Finance, National Planning and Federal Capital Territory, as well as the Governor of the Central Bank of Nigeria among others are members of NEC................
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