The Federal Government has approved a fresh budget support loan facility for 35 states across the country. Each of the states will get N800m, totalling N28bn to meet their salaries and other obligations.
The Minister of Budget and National Planning, Udoma Udoma, disclosed this to State House Correspondents yesterday at the end of a meeting of the National Economic Council presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja.
Udoma said the Minister of Finance, Mrs. Kemi Adeosun; and the Central Bank Governor, Godwin Emefiele, had been directed to effect payments. Only Lagos State is not taking the loan.