President Muhammadu Buhari on Thursday directed the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Godwin Emefiele, to immediately release the second tranche of the London-Paris Club refunds to states.
He said the presidential order should be carried out “appropriately and with dispatch.”
According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President spoke while addressing a meeting of the National Economic Council at the Presidential Villa, Abuja.
The council which is made up of state governors is chaired by Vice-President Yemi Osinbajo.
Buhari who had earlier released the first tranche of N388bn to the state governments in December 2016 said the latest release was meant to ease their financial hardships.
He stressed the need for the state governors to ensure the settlement of unpaid salaries and pension liabilities of their workers with the payment.