The 35 states of the federation will soon smile to the bank as the Federal Government has approved each of them N800 million, totaling N28 billionn to meet their salaries and other obligations.
Udoma Udoma, Minister of Budget and National Planning,  disclosed this to State House Correspondents on Thursday at the end of a meeting of the National Economic Council, NEC, presided over by Yemi Osinbajo, Vice-President, in Abuja.
Udoma said Kemi Adeosunt, Minister of Finance and Godwin Emefiele, the Central Bank Governor, had been directed to effect the payments.
Udoma said the Accountant General of the Federation reported to Council that approval has been received and CBN has been directed to pay N800 million to each of the 35 States of the Federation.
Only Lagos State is not taking the loan.
The minister said, “The Accountant-General reported to the council that approval has been received and CBN has been directed to pay N800m to each of the 35 states of the federation.”