Olalekan Adetayo, AbujaThe Federal Government has approved fresh budget support loan facility for 35 states across the country. Each of the states will get N800m, totaling N28bn to meet their salaries and other obligations. 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 has been received and CBN has been directed to pay N800 million to each of the 35 States of the Federation. The minister said, “The Accountant-General reported to the council that approval has been received and CBN has been directed to pay N800m to each of the 35 states of the federation.”(Visited 1,015 times, 24 visits today)

Source: Punch November 23, 2017 20:48 UTC