The News Agency of Nigeria reports that the development followed the consideration of the two letters sent to the Assembly by the Governor by the Committee of the Whole House, as requested by Bello Ambarura.
NAN also reports that the requests include N18.7 billion Federal Government’s intervention facility and N10 billion on behalf of all the 23 local government councils in the state. Ambarura said that the federal government’s intervention facility was part of the N656.1 billion approved by President Muhammadu Buhari for the 36 states of the federation.
He said, “The facility is aimed at helping the states to cushion the effects of the repayment of the existing federal government’s intervention on budget support.“Moreover, it will enable the state government to bridge the gap in the anticipated revenue shortfall and augment the current budgetary provisions in some of the economic sectors.”
The lawmaker added that the funds would be committed to financing outstanding payments for capital projects and certain essential expenditure for economic development.
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