The Federal Government yesterday ruled out bailing out the financial sector yesteday Remi Babalola, minister of state for finance, disclosed yestedray that the government has been made to believe that the banking industry is strong to withstand the meltdown ravaging foreign banks.
He also stated that the government was more focused on delivery on wider economic stimulus rather than focus on the financil sector but did not rule out the possibility of a bailout, if the need did arise for it.
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Wednesday 4 February 2009
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