Governors in marathon meeting over bailout refund, housing, others – Independent Observers

Governors in marathon meeting over bailout refund, housing, others

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By Andy Chukwu

The Nigeria Governors’Forum(NGF) meeting on Wednesday extend to late hours as the thirty six state governors discussed critical issues affecting the nation.

The first meeting of the year, which took place at the NGF’s secretariat in Maitama, Abuja, has as top agenda issues of deductions for Budget Support Facility loan granted the states by the Federal Government. Also as part of the agenda, is a presentation on partnership with State Governments on Citizens’ Home Ownership by the MD/CEO Federal Mortgage Bank.

The meeting is ahead of the National Economic Council (NEC) billed for Thursday at the Presidential Villa. The meeting is presided over by the Chairman and governor of Ekiti State, Dr. Kayode Fayemi. Present at the meeting are governors of Ekiti, Sokoto, Osun, Ondo, Kogi, Kebbi, Plateau, Yobe, Niger, Delta, Kaduna, Jigawa, Nasarawa, while those of Gombe, Borno, Oyo, Kogi, Anambra, Enugu are represented at the meeting by their deputies.

The Federal Government had in September, began deduction of the N614 billion bailout funds it gave to states for payment of salaries of workers in 2016.

The bailout refund has been on the agenda of the governors meeting since the Federal Government started the deductions.

In October 2019, the governors kicked against the plan to extend the repayment period of its budget support to state governments from 20 to 30 years.

The Federal Government had explained that the monthly repayment had reduced from N252 million to N162 million based on the extension.   

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