State government ready to commence payment of the N614 billion bailout funds

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Bailout funds

The Nigeria Governors Forum (NGF) says its members are ready to commence payment of the N614 billion bailout funds which the Federal Government gave to some states during 2015 to 2017 financial crisis.

Chairman of the forum and governor of Ekiti State, Kayode Fayemi in a meeting in Abuja explained that although the governors were ready to pay, this will happen only after accounts reconciliation with the Federal Government.

According to him, the reconciliation process is ongoing and states that are owing are eager to make repayments once the process was over.

The forum also pledged to give further support to the Transmission Company of Nigeria (TCN) in order to stabilise electricity supply.