Press statement from the presidency
"The implementation of a three-pronged financial intervention of
President Muhammadu Buhari to assuage workers plight and support the
states is now in progress.
Specifically, state governments will start benefiting from the special
intervention fund of between N250B to N300B in a matter of weeks.
Currently, planning meetings are being held between members of the
Federation Account Allocation Committee, FAAC and CBN, on the one hand,
and also between CBN and commercial banks on the other hand, regarding
details of the special intervention fund and the debt relief program of
the President for the states.
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