Securities and Exchange Commission has announced plans to enhance the rules and regulations surrounding borrowing for both government and businesses.
Its Director-General Dr. Emomotimi Agama, the Director-General who disclose this in Abuja noted the importance of ensuring that borrowing practices are sustainable for various levels of government, including local and state authorities.
His comments come in the light of a recent Supreme Court order that allows the seven hundred and seventy-four Local Government Areas to receive direct financial support from the Federal Government.
