States, FCT owe FG N1.7tn budget support loans

The 36 states in Nigeria and the Federal Capital Territory are jointly owing the federal government the sum of N1.72tn in budget support loans.

The figures were revealed in a presentation on state budget support facility by Office of the Accountant General of the Federation, at the 140th meeting of the National Economic Council presided over by Vice President Kashim Shettima at the Aso Rock Villa, Abuja, on Thursday.

This is according to a statement by the Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha on Thursday titled, ‘NEC endorses take-off of $617M i-DICE programme across states.’