The Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang, has said that Nigeria is adopting the best practices of sustainable loan debt management as the repayment plan of the debt is tied to the projects for which the loan is taken. Senator Ita Enang disclosed this while presenting the keynote address at the Chartered Institute of Taxation of Nigeria 2021 Fellow Conferment Ceremony recently in Lagos. Speaking of the topic “Nigeria Adopting Best Practices in External Borrowing and Debt Sustainability” the Presidential Aide noted that “all the terms and conditions of the loan are laid before the National Assembly and approved in details before execution. According to him,” this is to avoid the terms being approved by the National Assembly after th...
File Photo The Christian Association of Nigeria on Tuesday demanded the suspension of the Companies and Allied Matters Act 2020. CAN, in a position paper, said CAMA 2020 “has the potential that can further undermine the faith of stakeholders in the Nigerian-state.” This is just as the Presidency said CAMA did not target religious organisations. It accused some politicians of latching on to the criticism of CAMA to wrongly characterise its purposes as an anti-religious law. The Special Assistant to the President on Niger Delta Affairs and former National Assembly Presidential Liaison Officer, Senator Ita Enang, made the clarification during a brief ceremony at the secretariat of CAN in Abuja where he received the position paper of CAN on behalf of President Muhammadu Buhari. The letter sign...