FG disburses N220bn as loan facility to 35 states

The Federal Government has given a total of N220 billion to 35 states as budget support facility.

This was disclosed by Bauchi State Governor Mohammed Abubakar who said Finance Minister Kemi Adeosun dropped the hint during the National Economic Council (NEC) meeting on Thursday.

 

Abubakar quoted Adeosun to have said the Federal Government disbursed N1.1 billion to 35 states last month as support loan facility.

 

According to her, this made it a total of N6.3 billion disbursed to each of the 35 benefiting states.

 

The loan facility was designed to provide financial relief to state governments.