National Economic Council Will Refund N535.5bn To States On Federal Road Construction

• The National Economic Council (NEC) on Thursday approved the repayment of N535.5bn to states for monies spent on federal road constructions.
• Oyo State Governor, Sen. Abiola Ajimobi made this known at a briefing with state house correspondents after the NEC meeting in Abuja.

Ajimobi said, “Another issue discussed is the refund of expenses incurred on repair of federal roads by states. As listed here, we have 13 states that have fully complied with the reimbursement requirements. We have eight states that have partially complied; 21 states without compliance and the total sum of claims to be reimbursed is exactly N535, 596, 386, in other words, N535.5bn.”

• The Oyo State governor stated that N13bn had been disbursed to states as of 2013, stressing that the federal government was facing the challenge of inadequate funding.