Buhari administration disbursed N5.03trn, $3.4bn to states since 2015 — FG

The minister of finance, Hajia Zainab Ahmed, has said that President Muhammadu Buhari’s administration has, over its lifetime, “dispersed N5.03 trillion and an additional 3.4 billion US dollars to states”.

Ahmed stated this on Thursday in Abuja at the 6th edition of the “PMB Administration Scorecard Series 2015-2023’’.

According to the News Agency of Nigeria (NAN) the scorecard series was launched by the Ministry of Information and Culture, Alhaji Lai Mohammed, to showcase the numerous achievements of the Administration.

The Finance minister in her presentation, said the President understood clearly that the nation’s economy would not have grown consecutively and pulled out of recession twice without supporting the states.

He said the ministry with the approval of the President facilitated the implementation of various government intervention schemes to the sub-national governments.

“The ministry has, with the support of his Excellency the President been able to disperse N5.03 trillion and an additional 3.4 billion US dollars to states by the federal government over the lifetime of this administration.

“Some of them are grants, some of them are very soft loans with very low-interest rates as well as very low terms to enable the states to manage their economies and contribute to the growth of the nation.

“The support also covers 30 per cent derivation point to oil producing states refund for construction of federal roads that several states have undertaken over a period, even predating this administration,’’ she said.