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What FG’s plan to borrow N895bn unclaimed dividend, funds in dormant accounts means for banks, economy

… Cost of fund in dormant account will near zero … May affect long term lending … Increase lenders’ revenue

The Federal Government of Nigeria’s plan to borrow unclaimed dividend and funds in the dormant accounts of Deposit Money Bank put at N895 billion, shows how broke the country is, said Olalekan Aworinde, Senior Lecturer, department of economics, Pan-Atlantic University, Lagos. The Q3, 2020 total public debt stock released by the Debt Management Office (DMO),…

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