The Minister of Finance, Budget and National Planning, Zainab Ahmed, says deductions are being made from States for the Budget Support Facilities given by the Federal Government.
Zainab, who announced this while briefing State House correspondents after the National Economic Council, NEC meeting presided over by Vice President Yemi Osinbajo in Abuja, said the repayments were being made to the Central Bank of Nigeria, CBN.
She added that the ministry also reported to the Council on the balances of some key accounts.
The Minister had recently said that the Federal Government had resolved to recover 614 billion naira loan facility from 35 States of the federation. She had also said that NEC agreed to constitute a team to finalise modalities for commencement of repayment of the loan facility.
