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Ex-CBN director urges FG to trail earnings loopholes to revamp financial system

Ex-CBN director urges FG to trail earnings loopholes to revamp financial system

Mr Okunrounmu gave the recommendation while speaking with newsmen on Friday in Ota, Ogun.

The extraordinary CBN director additionally urged that it became as soon as extremely significant to additionally block leakages from expenditures, while the federal government monitors its earnings technology.

“The government must redouble its efforts in making an strive to block any loophole in earnings technology and expenditure management.

“As neatly as, it desires to further care for corruption on story of this threat had been a difficulty to the nation’s financial,” he acknowledged.

The extraordinary director neatly-known that the federal government desired to revive investors self assurance by offering varied industry alternatives, to plot unique investments into the nation.

Mr Okunrounmu appealed to the  government to notify the states on prudent monetary management, noting that it would assist them to judiciously employ the earnings from the subsidy elimination which is to be shared by the total tiers of presidency.

This, he acknowledged, would kind Nigerians to beget sense of belongings, and additionally ameliorate their sufferings occasioned by fuel subsidy elimination.

Mr Okunrounmu, as a result of this truth, known as on the federal government to place true measures in plan earlier than any coverage implemention.

(NAN)

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