……. to partner with mortgage bank on mass housing
The governors of the 36 states of the federation are currently meeting on the platform of Nigeria Governors Forum (NGF) in Abuja over deductions for Budget Support Facility loan granted them by the Federal Government.
It is their first meeting of the year ahead of the National Economic Council (NEC) Thursday at the Presidential Villa.The meeting is presided over by the Chairman and governor of Ekiti State, Dr. Kayode Fayemi.Federal Government had in September, began deduction of the N614 billion bailout funds it gave to states for payment of salaries of workers in 2016.
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The bailout refund has been on the agenda of the governors meeting since the federal government started the deductions.In October 2019, the governors kicked against the plan to extend the repayment period of its budget support to state governments from 20 to 30 years.
The Federal government had explained that the monthly repayment had reduced from N252 million to N162 million based on the extension.Also on the agenda is a presentation on partnership with State Governments on Citizens’ Home Ownership by the MD/CEO Federal Mortgage Bank.Present at the meeting are governors of Ekiti, Osun, Ondo, Kogi, Kebbi, Plateau, Yobe, Niger, Delta, Kaduna, Jigawa, Nasarawa, while those of Gombe,
Borno,Oyo, Kogi, Anambra, Enugu, were represented at the meeting by their deputies.
