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States Got N1.9tr Excess Crude Account Loans, Others – Osinbajo

The Federal Government said, as of September 2017, it has disbursed a total of N1.91 trillion loans to states from the Excess Crude Account (ECA), the budget support facility and the Paris Club refunds.

Vice President Yemi Osinbajo said this in Abuja on Wednesday at the Dialogue of Organs of Government on Reform of Justice Sector and Campaign Against Corruption, organized by the Presidential Advisory Committee Against Corruption and Federal Ministry of Justice.

The vice president, who was represented by the Deputy Chief of Staff, Mr Ade Ipaye, put the ECA and the budget support loans to states within the period at N873.3 billion, saying no previous administration had given such support to states since 1999.

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