Bailout Funds: Governors Meet Over N614bn Deductions, Others - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
September 19, 2019
The Nigeria Governors Forum, NGF ismeeting in Abuja ahead of the 97National Economic CouncilNEC meeting to brainstorm on six hundred and forty one billion naira advancedto thirty five states as budget support facility.
The Governors are meeting for thefirst time under the chairmanship of Kayode Fayemi of Ekiti State after thedecision by the Federal Government to recover the bailout funds advanced tothirty five states.
The Federal Government gave theprovisional budget support facility through the Central Bank of Nigeria, CBN in2017 to enable the states meet their financial requirements to civil servantsand pensioners.
The money was provided at nine percent interest with a grace period of two years.