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Bill giving legal backing to establishment of NSIP Trust Fund passes second reading

Vanguard News Translate Bill giving legal backing to establishment of NSIP Trust Fund passes second reading On By Levinus Nwabughiogu-Abuja House of Representatives has passed for second reading a bill seeking to provide a legal framework for the establishment of the National Social Investment Programme, NSIP. The bill is sponsored by the Speaker of the House, Femi Gbajabiamila, Hon. Ahmed Idris, Hon. Mansur Manu Soro and 9 other lawmakers. It may be recalled that several social intervention programmes have been provided by the federal government under the present administration. The programmes included the N-Power, Conditional Cash Transfer, Home-Grown School Feeding Market Moni and Trader-Moni.

DMO, World Bank partner on states debt management laws

Share Debt Management Office (DMO) and the World Bank on Wednesday presented Guidelines for the Legal Framework for state governments’ debt management operations as a way to push to make debts more sustainable. Speaking at the virtual meeting, Director General of DMO, Ms Patience Oniha said debt management laws at the sub-national level would guide officials on the processes and limits of borrowing. “We have a DMO Act, a set of laws which governs our operations. We want them to have those laws. “DMO cannot just say we want to borrow. There are practices that have to be complied with. ”

Sponsored briefing: Angola – getting back in the game

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DMO, W/Bank push states debt management laws

DMO, W/Bank push states debt management laws
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