Relief for states as Buhari suspends loans deduction

Workers who have gone on for many months without salaries got yesterday a piece of cheery news.

States’ loans repayment is to be deferred for the March revenue allocation to the states to allow them pay workers’ salaries, which have run into many months arrears.

But what the states pay to banks as a result of the Irrevocable Standing Orders (ISOs) will not be affected.