The N5 billion federal government relief package given to each state and the FCT is a loan with a tenure of 20 months.
The details of the federal government facility was contained in a memo addressed to the Nigeria Governors Forum.
Yesterday, Borno State Governor, Babagana Zulum, revealed the palliative measure by the centre following a national economic council (NEC) meeting presided over by Vice President Kashim Shettima.
READ ALSO: Challenges You Face Are For Better Tomorrow, Tinubu Tells Nigerians
Governor Zulum gave a breakdown of the facility.
The terms of the facility allows states to opt out of the offer and return the N2 billion already given to them.
Leave feedback about this