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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, at the presentation of the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), said the N614 billion fund advanced made to states would be deducted directly from their statutory allocations. She added that, since the money was a loan from CBN, it would be repaid to the apex bank. Each of the states would be required to refund a total of N17.5 billion.
- Nation