President Muhammadu Buhari has approved the disbursement of N522 billion to 14 States in the country, to help them pay salaries, pension arrears and put money in the economy. According to him, the Ministry of Finance is currently processing the first batch of N153 billion.


I have approved the disbursement of 522 billion naira to States, to enable them pay salary and pension arrears, and put money in the economy.

We have stipulated that at least 50% of the funds should be dedicated to salaries and pensions, and  will audit disbursements to ensure compliance.


The Ministry of Finance is currently processing the first batch of 153 billion naira, which, I am told, will be released to 14 States.