The Osun State Deputy Governor, Benedict Alabi has refuted claims the state is bankrupt. In a statement yesterday by his Chief Press Secretary, Olaniyi Ajibola, he stated that hose behind the rumour lacked the knowledge of macro-economic theories and indices of Fiscal Sustainability Index. The deputy governor, who said Osun was indebted as other states, insisted there was no logical parity between incurred debt and insolvency in a market economy. “Our government remains committed to...

The former Nigerian Finance Minister, Olusegun Aganga, has said there are many assets belonging to Nigeria ministries, agencies and departments that are not managed actively. Aganga disclosed this at a webinar organized by EY Nigeria Alumni on Thursday evening. He adds that the country needs to take decisive actions in growing and diversifying its economy. He says, “As a country, we do have so many assets held by different MDAs that are not actively managed....