Osinbajo Approves Extension Of States’ N510bn Budget Support Facility By Kreazetofa Odey - Jun

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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 comprehensive 22-point Fiscal Sustainability Plan (FSP) that was unanimously agreed upon by state governors during the NEC meeting on May 19, 2016.
The BSF, a 12-month standby loan facility, was designed to bring immediate financial relief to state governments to enable them meet their financial obligations with a monthly amount of N50 billion in the first three months and N40 billion available for the remaining nine months to the 35 states.
He also said the Finance Minister presented a balance of $2.3 billion in the Excess Crude Account.
During the briefing, Ebonyi State governor, David Umahi disclosed that the federal and state government will partner to rehabilitate prisons in the country .
He said the  minister of Interior presented the state of prisons in Nigeria and painted a very appalling picture of structures and logistics in the prison system.
According to him, the governors were unanimous on the need to rehabilitate prisons in the country.
He stated, “It was indicated that states that have the capacity should as soon as practicable lend a helping hand to provide facilities that will help decongest the prisons and help improve the state of the inmates.
 . . . Okays Appointment Of Resident Electoral Commissioners
Acting President Yemi  Osinbajo, has approved the appointment of new Resident Electoral Commissioners.
This is contained in a statement issued by the director media in the office of the Secretary to the government of the Federation, Bolaji Adebiyi.
The appointees are;  Professor Godwill Obioma, Abia;   James Lorliam,    Benue, Dr. Nwachukwu Orji ,  Ebonyi;  Dr. Iloh Joseph Valentine Chuks,  Enugu;   Dr. Nentawe  Goshwe Yilwatda, Plateau ;  Umar Ibrahim,  Taraba ;Mr. Emeka Ononamadu Joseph, Imo; Obo O. Effanga ,Cross River;  Professor Francis ChukwuemekaEzeounu,   Anambra.
Others are: Dr. Briyai O. Frankland,  Bayelsa; Ibrahim Abdullahi,          Adamawa; Agboke MutiuOlaleke,  Ogun ; Hussaini HaliluPai, FCT while Alhaji Ahmad Makama,  Bauchi  is for reappointment .
“These appointees have been confirmed by the Senate of the Federal Republic of Nigeria and therefore the appointments are with immediate effect,” Adebiyi said.

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