The Federal Government on Thursday said it has begun moves to recover the sum of N614 billion advanced to 35 states as budget support facility.

This was made known by the Minister of Finance, Budget and National Planning, Zainab Ahmed.

She made the disclosure at the press briefing at the end of the over three hours of the National Economic Council meeting, presided over by Vice President Yemi Osinbajo, at the Council Chambers of the Presidential Villa.

The Presidency, through Vice President, Yemi Osinbajo, had earlier disclosed the President Muhammadu Buhari administration had in the past three years, intervened through loans, bailouts and Paris Club refunds to states to the tune of well over N1.1trillion.

The minister said on Thursday that “As at today, the budget support facility advanced by the Federal Government to the states is a total sum of N614 billion and this is to 35 states.

“This means an equivalent is N175 billion per state. Council agreed. Council agreed to constitute a team of the Nigeria Governors Forum (NGF), Ministry of Finance and the Central Bank of Nigeria (CBN), to finalize modalities to commence repayment of these facilities to the Central Bank.”

The Minister further gave the balances on two special accounts, the Stabilization Fund Accounts and Natural Resource Development Fund which has combined balance as at 20th August of $95,329,245 million.

She said, “The Stabilization Fund Account which has a balance of N21,729 billion and Natural Resource Development Fund which has N95,896 billion.”

Added that the Adhoc Committee on Excess Crude and other special accounts of the federation requested for an extension to finalize its report and report to NEC meeting.



See more here https://thickmatch.com/buhari-govt-moves-recover-n614-billion-35-states/

all these billions making headlines daily..

if you're depressed on NL, you can talk to me... but if its about money,please keep it to yourself. don't come and depress my depression abeg

Buhari amaka.

cenaman:
Buhari amaka.

are you not a shiite Igbo?

juust waiting for Ipob fools to comment

"Moves to"..this country eh

[s]

Amieinu123:
juust waiting for Ipob fools to comment

[/s]

All we know is that God will always guide and provide for us.


Greetings my people,

If yOu are looking for where to buy original unadulterated honey?

Worry no more... Kindly call or whatsapp me on 08092151959

Thanks

wait o, what ever happened to all the previously recovered funds, no one seems to be asking.

Where is all the money that the PMB government has recovered thus far? Where and how did they spend it.

This country we they forget things easily o and the politicians know this.

175 Billion per state, who wan pay that money

DevilhimseIf:
[s][/s]

people you see one

[s]

Amieinu123:


people you see one

[/s]
claptrap and stupid trash

The feful of Naigeriah, president buhari cannot Coman can

hardtoget:
The Federal Government on Thursday said it has begun moves to recover the sum of N614 billion advanced to 35 states as budget support facility.

This was made known by the Minister of Finance, Budget and National Planning, Zainab Ahmed.

She made the disclosure at the press briefing at the end of the over three hours of the National Economic Council meeting, presided over by Vice President Yemi Osinbajo, at the Council Chambers of the Presidential Villa.

The Presidency, through Vice President, Yemi Osinbajo, had earlier disclosed the President Muhammadu Buhari administration had in the past three years, intervened through loans, bailouts and Paris Club refunds to states to the tune of well over N1.1trillion.

The minister said on Thursday that “As at today, the budget support facility advanced by the Federal Government to the states is a total sum of N614 billion and this is to 35 states.

“This means an equivalent is N175 billion per state. Council agreed. Council agreed to constitute a team of the Nigeria Governors Forum (NGF), Ministry of Finance and the Central Bank of Nigeria (CBN), to finalize modalities to commence repayment of these facilities to the Central Bank.”

The Minister further gave the balances on two special accounts, the Stabilization Fund Accounts and Natural Resource Development Fund which has combined balance as at 20th August of $95,329,245 million.

She said, “The Stabilization Fund Account which has a balance of N21,729 billion and Natural Resource Development Fund which has N95,896 billion.”

Added that the Adhoc Committee on Excess Crude and other special accounts of the federation requested for an extension to finalize its report and report to NEC meeting.



See more here https://thickmatch.com/buhari-govt-moves-recover-n614-billion-35-states/

Niger delta crude oil money they are beating their chest for?

The state governors who still owe despite bail out funds and Paris refund should be flogged till they become unconscious.

Unfurtunately 80% of money was either paid to civilian servants who are less than 5% of Nigerian population or paid on some kangaroo contract in the name of infrastructure

Haaaaaaaa another one

DevilhimseIf:
[s][/s] claptrap and stupid trash

ipob how market

[s]

Amieinu123:


ipob how market

[/s]
trash

After recovering it what’s next all the APC chieftain will drop their AZA for credit alerts ... Nigeria is a joke..... Una go dey okay las las

lol... i no sure say states go gree pay back that money o

Is it Abia or Kogi that can't pay workers salary that will repay federal govt,abi na another country govt we de talk here.

Although, Federal govt is right but state govts will not pay this money...their excuses will make one cry.

DevilhimseIf:
[s][/s] trash

devilhimself devilipob.hw is ur Lord Nnamdi Kaluuuu

Been hearing this over four years ago.

Money dey 9ja sha.

Chaiiii......Yet Hunger n Hardship hook my people for throat like a Bow tie...

DevilhimseIf:
very useless vagabond gworo chewing bastard burukutu sipping monkey called presidiot mumuhamado mumuharii
thunder scatter buhari Insha'Allah Amin
thunder scatter buhari Insha'Allah Amin
thunder scatter aisha masha Allah Amin
thunder scatter Zara Insha'Allah Amin
thunder scatter Yusuf Insha'Allah Amin

bunch of criminal vagabond family
tueh!!!
Buhari is a criminal terrorist
aisha is a shameless corrupt prostitute
osibanjo is a vagabond puppet and a hopeless bastard charlatan bribe eating scumbag fake pasta
tinubu is a bastard drug dealing vagabond

kiss the truth

MAD 101: Introduction to Madness

OSUN MARIJUANA AT WORK

simonlee:

are you not a shiite Igbo?

Na Fulani igbo. (