The federal government has approved the payment of the outstanding Paris and London club refunds, before the end of the year.
The President gave the approval, at a meeting he had with state governors at the Presidential Villa, Abuja on Monday.
President Muhammadu Buhari directed the Minister of Finance, Mrs. Kemi Adeosun; the Minister of Budget and National Planning, Udo Udoma; and the Central Bank Governor, Godwin Emefiele, to work with state governors to ensure the payment of the monies with immediate effect.
According to information posted on one of the Presidency’s twitter handles, @NGRPresident, the meeting featured discussions on the nation’s economy, workers’ welfare as well as Federal-State relations, among others.
“President @MBuhari has directed the Ministers of @FinMinNigeria and Budget & National Planning and Governor @cenbank to commence negotiations with the Governors Forum to enable payment of outstanding Paris & London Club refunds, before the end of the year,” the information read.