Osinbajo, NGF chairman meet over CBN loan

Vice President Yemi Osinbajo and the Chairman of the Nigerian Governors Forum, Alhaji Abdulazeez Yari, on Tuesday met behind closed-doors to discuss the modalities of the bailouts recently approved for states by the Federal Government.

Their discussion, according to Yari, centered on the Central Bank-packaged special intervention fund approved by President Muhammadu Buhari.

The measures recently approved by Buhari to deal with the problem of unpaid public sector salaries in many states included the sharing of the $2.1billion dividend paid to the Federation Account by the Nigeria Liquefied Natural Gas Company and a CBN-packaged special intervention fund that will offer financing to the states, ranging from N250 billion to N300billion.