Buhari approves N800m Budget Support Loan Facility for states



President Muhammadu Buhari has approved the release of N800 million for each of the 36 states of the federation as part of the Budget Support Loan Facility.

The Minister of Budget and National Planning, Sen. Udoma Udo udoma, stated this when he briefed State House correspondents, alongside Gov. Rotimi Akeredolu of Ondo, on the outcome of the meeting of the National Economic Council (NEC) in the Presidential Villa, Abuja, on Thursday.

Udoma said the Accountant General of the Federation reported to the Council that approval for the payment of the amount had been received by his office and the Central Bank of Nigeria (CBN) had been directed to pay the money to the states.

““Governors expressed appreciation to the Federal Government for the restoration of the Budget Support Loan Facility for July and August 2017,’’ he said.

He said the Accountant General also informed…

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