• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Bailout: Federal Govt Reviews CBN’s Plan To Begin Deduction From States  

* Constitutes committee on flood mitigation

by Jonathan Nda-Isaiah
3 years ago
in News
Osinbajo
Share on WhatsAppShare on FacebookShare on XTelegram

In a move to explore how to provide further financial succour for States regarding repayment of the Federal Government’s Budget Support Facility, the National Economic Council (NEC) has decided to review the Central Bank of Nigeria’s plan to commence deductions from State governments’ share of the monthly federal allocations.  

Advertisement

 

At a meeting presided over by Vice President Yemi Osinbajo, SAN, the Council resolved to set up a committee with representatives of the Federal Government and the States to review the matter.

 

According to the Vice President, “bearing in mind all of the financial difficulties, we take the position to review the plan to commence the deduction for the loan.”

RELATED

Too High A Price To Pay For Patriotism

40 Ghanaian Victims Rescued As Police Bust Human Trafficking Syndicate In Ondo

19 minutes ago
Group Congratulates Atiku on Appointment as Deputy Clerk to the National Assembly

NASS To Transmit Constitution Review Report To State Assemblies Before December

21 minutes ago

 

According to a statement by the spokesman of the vice president, Laolu Akande, NEC resolved that representatives of the Governors’ Forum, the Central Bank of Nigeria and the Federal Ministry of Finance, Budget and National Planning, among others, meet to review modalities for the imminent deductions of funds from States by the Central Bank of Nigeria, to repay the Budget Support Facility granted to States by the Federal Government.

 

It noted that the decision was in consideration of current difficulties experienced by State governments in fulfilling their financial obligations.

 

Another resolution of Thursday Council meeting is the endorsement of the revised National Social Protection Policy presented by Minister of Finance, Mrs Zainab Ahmed. The policy will now go to the Federal Executive Council and from there to the National Assembly.

 

When passed, the new policy will replace the “2017-2022 National Social Protection Policy.”

 

The Minister said the 2017-2022 National Social Protection Policy “was reviewed in consultation with all States and other stakeholders and it is to be subjected to review every five (5) years for update and accommodation of some emerging issues including Pandemics, insecurity and shock responsive Social Protection as well as new institutions.”

 

She added that the expected benefits of the revised NSPP includes among others, “reduction of multi-dimensional poverty; promoting social justice, equity and inclusive growth; reduce unemployment, social and economic vulnerabilities, and other threats to sustainable development.”

 

NEC also resolved to constitute a committee of the Federal Government and State governors to liaise with other relevant stakeholders to find immediate and long-term solutions to flooding problems across the country.

 

Regarding this, the Vice President noted that the committee liaising with critical stakeholders, will support efforts, whether short, medium or long term, in mitigating the impact of flooding as well as finding lasting solutions to the issue.

 

Council also commended the efforts of stakeholders including the National Primary Health Care Development Agency (NPHCDA) in the vaccination of more Nigerians against COVID-19.

 

According to the presentation of the COVID-19 Scorecard by the Executive Director of NPHCDA, Dr Faisal Shaibu, “over 127 million doses of COVID-19 vaccines have been procured and administered through collaborations by the Federal Government and other partners since the inception of the exercise.

 

“Additional 10.5 million doses of Johnson and Johnson vaccines have been procured by the Federal Government and is being expected in the country before the end of the year.”

 

Dr Shaibu added that 46 million persons have been fully vaccinated, representing 42 percent of the total eligible population targeted for the exercise.

 

He commended Nasarawa and Jigawa State governments for their efforts in ensuring take off of the accelerated COVID-19 vaccination exercise in their states.

 

The decisions were among resolutions reached by the Council on Thursday at the end of its 128th meeting with Governors and other Federal Government officials in attendance virtually.

 

The meeting also had in attendance the new Ekiti State Governor, Mr Oyebanji Abiodun.

 

Also, according to a presentation by the minister of water resources, Suleiman Adamu, 28 out of 36 States have urban water utilities with 16 States being fully functional.

 

He said only 11% of schools in the country have basic water supply, sanitation and hygiene services.

 

The minister urged governors to endorse the WASH Pledge Card which is a commitment to make Nigeria Open Defecation Free by 2025. The presentation also prayed that governors should prioritize the WASH Campaign.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Tinubu’s Action Plan Envisions A Better Economy Powered By Youths, Farmers And Workers 

Next Post

JUST-IN: CBN, AMCON Announce Sale Of Polaris Bank

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

Too High A Price To Pay For Patriotism
News

40 Ghanaian Victims Rescued As Police Bust Human Trafficking Syndicate In Ondo

2025/07/05
Group Congratulates Atiku on Appointment as Deputy Clerk to the National Assembly
News

NASS To Transmit Constitution Review Report To State Assemblies Before December

2025/07/05
Jigawa Local Gov’t Chairman Dies At 61
News

Jigawa Local Gov’t Chairman Dies At 61

2025/07/05
Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island
Business

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

2025/07/05
I’ve Solution To Abia’s Dev’t Crisis – ADC Guber Candidate
News

Forget 2027, Presidency Tells Coalition’s ADC

2025/07/05
More Than 50% Of Medicines In Circulation Are Fake — Pharmacists
News

More Than 50% Of Medicines In Circulation Are Fake — Pharmacists

2025/07/05
Leadership Conference advertisement

LATEST

40 Ghanaian Victims Rescued As Police Bust Human Trafficking Syndicate In Ondo

NASS To Transmit Constitution Review Report To State Assemblies Before December

Jigawa Local Gov’t Chairman Dies At 61

Club World Cup: 9-man PSG Defeat Bayern To Reach Semi-final

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

Liverpool Stars Honour Diogo Jota, André Silva At Funeral In Portugal

Chelsea Complete £48.5m Signing Of Gittens From Dortmund

Forget 2027, Presidency Tells Coalition’s ADC

More Than 50% Of Medicines In Circulation Are Fake — Pharmacists

Edo Senator Intervenes In Army-Oghede Community Land Dispute

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.