Home Business AMCON says debtors are hindering the creation of 10 million jobs

AMCON says debtors are hindering the creation of 10 million jobs

by Kunle Awosiyan

The Management of Asset Management Corporation of Nigeria (AMCON) has said THREE HUNDRED AND FIFTY DEBTORS owe it THREE POINT SIX TRILLION NAIRA.

THE CORPORATION SAID THE amount higher than the THREE POINT TWELVE TRILION NAIRA set aside this year by the Federal Government for debt servicing.

It noted that the N3.6 trillion, if recovered, would be enough to complete the revival of the moribund Ajaokuta Steel Company in Kogi State, capitalise over two million Micro-businesses with N2 million each or 200,000 Small and Medium Enterprises (SMEs) with N20 million per SME.

AMCON added that by so doing over 10 million jobs could be created in the country, .

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