Bailout Funds: Governors Give Condition To Refund N614b To Federal Government - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
August 23, 2019
Nigerian Governors have given theFederal Government a condition to refund the six hundred and fourteen billionnaira budget support intervention fund given to the thirty-five states. Theymaintained that there must be a reconciliation of what each state will refundbefore any step could be taken.
The Governors stated this at theNational Economic Council, NEC meeting in Abuja, Presided over by VicePresident Yemi Osinbajo.
As a result of their claim, acommittee was set up to work things out and report back at the next meeting.
The bail-out was giving to states byPresident Buhari during the recession when many of them were unable to payworkers. Apart from Lagos, all the remaining thirty-five states benefitted fromthe bail-out.
However, Finance, Budget andNational Planning Minister, Zainab Ahmed said each state is expected to refundabout seventeen point five billion naira. She added that arrangement has beenconcluded to forward the 2020 budget estimates to the National Assembly nextmonth for consideration.