Budget Support Facility: Finance Minister Says Deductions On-Going - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
December 20, 2019
The Minister of Finance, Budget and National Planning,Zainab Ahmed, says deductions are being made from States for the Budget SupportFacilities given by the Federal Government.
Zainab, who announced this while briefing State Housecorrespondents after the National Economic Council, NEC meeting presided overby Vice President Yemi Osinbajo in Abuja, said the repayments were being madeto the Central Bank of Nigeria, CBN.
She added that the ministry also reported to the Council onthe balances of some key accounts.
The Minister had recently said that the Federal Governmenthad resolved to recover 614 billion naira loan facility from 35 States of thefederation. She had also said that NEC agreed to constitute a team to finalisemodalities for commencement of repayment of the loan facility.