The Federal Government has put in place a committee to facilitate recovery of N614 billion given to 35 states on budget support.
The Minister of Finance, Budget and National planning, Zainab Ahmed briefed State House correspondents at the end of the National Economic Council, NEC chaired by Vice President Yemi Osinbajo.
She had presented an update to the Council on the budget support facility.
With 35 states benefiting from the facility, she said that each state to pay back equivalent of N175 billion.
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She
stated Council agreed to constitute a committee of the Nigerian Governors
forum, ministry of Finance and the central bank of Nigeria to finalize
modalities for repayment.
