Across Nigeria Main News News

FG okays fresh N28bn budget support for 35 states

The Federal Government has approved a fresh budget support loan facility for 35 states across the country.

Each of the states will get N800m, totalling N28bn to meet their salaries and other obligations.

The Minister of Budget and National Planning,  Udoma Udoma, disclosed this to State House Correspondents on Thursday at the end of a meeting of the National Economic Council presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja.

Udoma said the Minister of Finance, Mrs. Kemi Adeosun; and the Central Bank Governor, Godwin Emefiele, had been directed to effect payments.

Udoma said the Accountant General of the Federation reported to Council that approval had been received and CBN had been directed to pay N800 million to each of the 35 states of the Federation.

Click here to read more.....

About the author

CACOL

Add Comment

Click here to post a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to News Update

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Archives