FG approves N522bn for states’ salaries and pensions

President Mohammadu Buhari on Friday approved the disbursement of N522 billion to States for them to pay salary and pension arrears, and put money in nation’s economy.

In a statement on Friday, Buhari 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 and pension arrears, and put money in the economy

We have stipulated that at least 50 per cent of the funds should be dedicated to salaries and pensions. The Federal Government will audit disbursements to ensure compliance

The Ministry of Finance is currently processing the first batch of 153 billion naira, which will be released to 14 States.”