• 35 states have applied for N90bn loan, says Minister

    35 states have applied for N90bn loan, says Minister

    At least 35 states have so far applied to access the N90 billion loan earmarked by the federal government to boost state governments’ fiscal sustainability capabilities.

    Speaking on Channels Television on Monday, the Minister of Finance, Kemi Adeosun, disclosed that the 35 states “are in the process of submitting the required documentation the loan.”

    The minister said the monthly disbursements to each state will be based on compliance with pre-agreed Fiscal Sustainability Plan (FSP) milestones.

    The FSP reforms, she said will take 18 […]