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Manahement of the Niger Delta Development Commission (NDDC) has dissociated itself from a fake contract award letter circulating online and purportedly from the desk of the managing director of the commission.
He left several controversial decisions in his trail, including a hijack and decimation of erstwhile independent organisations in the financial services regulatory sector. Of particular note is the Nigeria Deposit Insurance Corporation (NDIC), whose operations have been severely hampered by an amended Act signed into law on the 26th of May by former President Buhari's last day in office! The new Act, amongst others, requires the NDIC to seek CBN's 'concurrence' to execute its mandate contrary to IADI principles and international best practices on Corporate Governance.
Ruto's government seems to have been rewarded after he stuck to IMF and World Bank's liberal policy of maintaining a lower fiscal deficit.
Treasury Cabinet Secretary Njuguna Ndung'u on Thursday read his first Budget speech that had fingerprints of the International Monetary Fund (IMF) and the World Bank, a signal that President William Ruto is keen to implement the stringent conditions that came with loans from the Bretton Woods institutions.The 129-page Budget speech sought to explain the motivation behind the far-reaching revenue-raising plan that will see the State adopt various...