President Buhari on Friday approved the disbursement of N522 billion to States, to enable them pay salary and pension arrears, and put money in Nigeria’s economy.
Mr Buhari in a statement on Friday evening said: “Today Nigeria and Morocco signed an Agreement aimed at making us self-sufficient in fertilizer production. We will work to implement it.”
“I have approved the disbursement of 522 billion naira to States, to enable them pay salary & pension arrears, and put money in the economy
We have stipulated that at least 50% of the funds should be dedicated to salaries &pensions, & will audit disbursements to ensure compliance
The Ministry of Finance is currently processing the first batch of 153 billion naira, which, I am told, will be released to 14 States.”