Bailout loan to states extended

-
Acting President Yemi Osinbajo has directed that the budget support loan facility to states be extended beyond a year. Finance Minister Kemi Adeosun announced this yesterday while briefing the National Economic Council meeting presided over by Osinbajo.

The conditional budget support loan facility was designed by President Muhammadu Buhari in 2016, to provide financial relief to state governments. The loan 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 programme is essentially aimed at supporting states to overcome current fiscal challenges as well as reforming financial management to ensure their long-term viability.

Addressing State House reporters yesterday, Gombe State Governor Ibrahim Dankwambo said the NEC was briefed on the budget support to states “because of dwindling revenue and budget implementation.”

Meanwhile, NEC also agreed that states capable of building prisons should do so, in collaboration with the private sector.

Ebonyi State Governor David Umahi said the agreement was reached based on the pathetic situation of prisons painted by Interior Minister, Abdulrahman Dambazzau.


Daily Trust 

Comments

Post a Comment

Popular posts from this blog

IS NORA ARNEZEDER A LESBIAN? CAUGHT ON CAMERA KISSING A GIRL

-
Image
So what does Orlando Bloom see in French actress Nora Arnezder? Well, if it wasn't already pretty obvious, stunning pictures of the 24-year-old have emerged that show her topless on a vacation in 2011 with an Orlando lookalike. Then 21, the talented French actress showed off her incredible physique on the beach in Formentera with Manuele Malenotti, who is the spitting image of Bloom and also happens to be the owner of Belstaff brand.
Read more

KIM KARDASHIAN FANTASY FRENCH CHATEAU THAT WAS BUILT ONLY SIX YEARS AGO AS POSSIBLE WEDDING LOCATION FOR MAY NUPTIALS WITH KANYE WEST

-
Image
Kim Kardashian looked at a beautiful French chateau in France on Monday as a possible wedding venue for her May 24 nuptials to Kanye West. But while the the property, located 14 miles outside Paris in Louveciennes, looks like it could be old, it was actually built only six years ago. Chateau Louis XIV is meant to resemble a 17th century castle, but has all the modern amenities fit for a princess. Odd choice considering the 33-year-old reality star's show, Keeping Up With The Kardashians, has for years been accused of being fake as well. While it resembles a castle from the 17th century, the Chateau Louis XIV was actually built in 2008 Kim Kardashian & Kanye West
Read more

Church where people worship nude! Nude Church In Virginia, White Tail Chapel, Invites You To Bare More Than Your Naked Soul

-
Image
Virginia evangelical church the White Tail Chapel, US, has introduced a new phenomenon to Christian worship by asking its congregation to serve the Lord the way God created them by worshipping in the nude. Based in Ivor in the southern state of Virginia, the church asks all its worshippers to cast off all their material concerns including clothing when they come to wo rship. White Tail describes itself as a family nudist community where visitors can enjoy all manner of activities, including spiritual worship, completely natural or nude.
Read more