Buhari approves N656bn fresh 'budget support' facility for states

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Each state will receive N18.2 billion to help them meet their financial obligations, ''especially the previous budget support facility due for repayment''.

says President Muhammadu Buhari has approved a fresh N656 billion Bridge Financing Facility for the 36 states.

The minister said the support was to help state governments to meet their financial obligations, especially the previous budget support facility due for repayment.She said that the bridge facility was being processed by the Central Bank of Nigeria . “Expectedly, each of the 36 States will have a total loan amount of N18.225 billion; with a 30-year tenor, and a 2-year moratorium at an interest rate of nine per cent.

Mr Shuaib said that Nigeria had received over 100 million doses of COVID–19 vaccines from COVAX, AU and some countries, which was sufficient to ramp up vaccination for about 50 per cent of the targeted population.“Given the availability of vaccines, we have started rolling out a plan to vaccinate 50 per cent of Nigerians, 18 years and above by Jan. 31, 2022,’’ he said.Ifedayo Adetifa, the Director-General, Nigeria Centre for Disease Control , also made a presentation to the council.

 

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₦656bn what? God Almighty in His Omnipotent power will continue to punish this corrupt Government and his political alias with incurable sickness just as they subject the low income citizens to hunger, ip_heir prayer do work!

pls how do it help,why are u fulani tribe keeping this world in the dark.who does that? Why is fulani tribe lying to the whole world and the world is falling for their tricks? Fulani are supported by most Arab countries and the world at open are still politicizing negativity.

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