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Again, Governors Meet Over N614bn bailout deductions

Solomon Ayado
1 Min Read
Again, Governors Meet Over N614bn bailout deductions

Thirty-six governors under the auspices of Nigeria Governors Forum (NGF) are currently meeting in Abuja to take a final position on the N614 billion bailout funds proposed to be deducted from the states’ account by the federal government.

The governors had earlier refused to accept the deductions and insisted that the states were being owed by the federal government on the rehabilitation of roads.
Sources at the meeting said the governor is meeting on an agreement to pay the bailout but that government should extend the time frame of the payment.

The meeting is also discussing the Consideration and Adoption of the Minutes of the Last NGF Meeting; Chairman’s Update on Bill and Melinda Gates Foundation PHC Meeting in Seattle, Nov. 12-13, 2019 and other side meetings.
Other items on the agenda are Proposal for Recovery of Funds Due to State Governments (Withholding Tax (WHT), Collection of Ground Rent. NTEL, MTEL, etc.); briefing by NEC Ad-hoc Committee on Excess Crude and other Special Accounts of the Federation H.E. Governor Nasir El-Rufai; Review on NEC Meeting Agenda; Update on PHCOUR and other health-related matters and Director-General brief.
Details shortly…

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