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Tuesday, 28 July 2015

States to start drawing from N300b Presidential Special Intervention Fund soon - Presidency


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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