The Federal Government has approved N28bn support loan facility for 35 states across the country.
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.
Udoma said the Minister of Finance, Mrs. Kemi Adeosun; and the Central Bank Governor, Godwin Emefiele, had been directed to effect payments.
He said each states will get N800m to help pay salaries and meet obligations.
He added that only Lagos State is not taking the loan.
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.
“Governors expressed appreciation to the Federal Government for the restoration of the Budget Support Loan Facility for July and August 2017.”
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