Osinbajo Approves Extension Of States’ N510bn Budget Support Facility By Kreazetofa Odey - Jun
By Jonathan Nda- Isaiah, Acting President Yemi Osinbajo yesterday directed that the budget support loan facility for states which ended today be extended until other states claims are paid. This was disclosed by the Gombe State governor, Ibrahim Hassan Dankwambo after the National Economic Council ( NEC)meeting yesterday presided over by Osinbajo at the Presidential Villa. He said, “Although Finance Minister presented that the Budget Support Loan Facility has been fully disbursed, she announced that the Acting President has directed the facility to continue until other states’ claim are paid.” LEADERSHIP recalls that the Budget Support Loan Facility is an initiative of the Buhari administration to help states get boost in their funding in the light of the dwindling FAAC allocations. The conditional budget support facility was designed earlier this year to provide financial relief to state governments. The facility is based on the implementation of a compr...