USA Africa Dialogue Series - 9 Nigerian states Mortgages the future of their citizens, is your state among them?

An atrocity is taking place in some States of Nigeria. Just in case you don't know, Nine Nigerian States have accessed the Nigerian capital market for funds via bonds and so far have raised N108 billion from 1999 to date. 4 more state governors are currently in the race to issue bonds from the capital market 

These states claim they raise this money for the financing of infrastructure projects. When the treasury has been looted dry, the State Governors resort to borrowing. Future generations are now being saddled with bondage of debts. The future of the citizens of those states is being mortgaged, and no one is asking questions!

Find out out from the link below if your state is among them. 

http://elombah.com/index.php?option=com_content&view=article&id=3958:bonds-9-staes-mortgage-the-future-of-their-citizens&catid=52:daniel-elombah&Itemid=73
 

Daniel Elombah
Publisher: www.elombah.com

(A Nigerian Perspective on world affairs)
Office: JE Stevenson Solicitors
Marble Arch, London +44-0-7958588018

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