Osinbajo orders release of N1.6bn to 16 flood ravaged states

Acting President Yemi Osinbajo has directed the Minister of Finance, Kemi Adeosun, to immediately release the sum of N1.6 billion to 16 states ravaged by floods across the country.

The money will be taken from the Federal Governent’s Ecological Account in  the Central Bank of Nigeria (CBN), Presidential Spokesman Femi Adesina said, while briefing newsmen after the Federal Executive Council (FEC) meeting held on Wednesday at  State House, Abuja.

The Minister of Finance has been directed to release the money to the National Emergency Management Agency (NEMA) for onward distribution to the affected states.

Some of the affected states include Ekiti, Kwara, Lagos, Bayelsa and Enugu.

Details soon….