There was a lingering argument between the 36 state governors and the Central Bank of Nigeria (CBN) over the repayment of budget support facility.
The 36 State Governors on Thursday pleaded that the repayment of their loans, especially the budget support, which was supposed to start this month be deferred.
During the National Economic Council (NEC) meeting, the Chairman of the Nigeria Governors Forum (NGF) who is the Governor of Ekiti State, Dr Kayode Fayemi, had disclosed that the state chief executives wanted the loan repayment due in May to be deferred.
But the Governor of the Central Bank of Nigeria, Godwin Emefiele, seek for immediate payment of the loans, emphasized the importance of the timely repayment of loans, especially those owed to commercial banks.
He further explained that there were challenges if there is a further delay in the repayment of the loans, including audit concern.
However, The Vice President stated that he will be holding a meeting with representatives of the state governors, the Finance Minister and the CBN Governor to resolve the issue raised.
The Council which is chaired by the Vice President comprises the 36 State Governors, the Federal Capital Territory Minister and the Governor of the Central Bank of Nigeria (GBN), and other Federal Government officials, a session was devoted to holding the Annual General Meeting (AGM) of the NSIA where reports and financial statements, including the audit, were tendered.
By our Reporter.