The Presidency has asked the minister of Finance, Kemi Adeosun, to release the sum of N1.6 billion to 15 states of Nigeria that were ravaged by floods.
According to Femi Adesina, Special Adviser to President Muhammadu Buhari on Media and Publicity, the move is to help cushion the effects of the disaster on Nigerians.
Adesina, who was briefing news men State shortly after the Federal Executive Council (FEC) meeting, presided over by Acting President Yemi Osinbajo at the Presidential Villa, Abuja, said that the money would be taken from thr Federal Governent’s Ecological Account in thr Central Bank of Nigeria (CBN).
He said that the Minister of Finance has been directed to release the money to the National Emergency Management Agency (NEMA) for onward distribution to the affected states.
The states to benefit from the federal government’s largesse are: Ekiti, Kwara, Lagos, Bayelsa, Enugu, Sokoto, Ebonyi Akwa Ibom, Osun, Kebbi, Niger, Abia, Oyo, Plateau and Edo.
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