Home News FG Approves N28.8 Billion Loan To 36 State Governors

FG Approves N28.8 Billion Loan To 36 State Governors

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The Federal Government has approved a budget support loan of N28.8 billion to the 36 states of the federation.

The Accountant-General of the Federation (AGF)made this known, on Thursday, after the National Economic Council (NEC) meeting, at the Presidential Villa, Abuja.

“The AGF reported to Council that approval has been received and Central Bank of Nigeria (CBN) has been directed to pay N800 million to each of the 35 States of the Federation,” Laolu Akande Senior Special Assistant media and publicity to Vice President Yemi Osinbajo said in a statement.

He said the “Governors expressed appreciation to the Federal Government for the restoration of the Budget Support Loan Facility for July and August, 2017”.

(frontiernews)

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