Osibanjo extends budget support loan facility to states beyond one year

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Acting President, Yemi Osibanjo has directed that the budget support loan facility to states be extended beyond a year.

Finance minister, Kemi Adeosun made the announcement while briefing newsmen after the National Economic Council (NEC) meeting.

The conditional budget support loan facility was designed in 2016 to provide financial relief to state governments.

The loan facility is based on the implementation of the comprehensive 22 points fiscal sustainable plan that was unanimously agreed upon by state governors during the NEC meeting on May 19 2016.

 

Mebeka Madu

Mebeka Madu is a news editor for ezeja and is based in Enugu.
Contact Mebeka at mebeka@ezeja.com.

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