Sequel to the devastating effects of the heavy downpour last week on most states in the country, the Acting President, Prof. Yemi Osinbajo, has directed the Minister of Finance, Kemi Adeosun, to immediately release N1.6 billion for the 15 states ravaged by floods.
The states include; Ekiti, Osun, Akwa Ibom, Kebbi, Niger, Kwara, Ebonyi, Enugu, Abia, Oyo, Lagos, Plateau, Sokoto, Edo and Bayelsa
Spokesperson to President Muhammadu Buhari, Femi Adesina, made the disclosure to newsmen after the Federal Executive Council, FEC.
Adesina said the money will help cushion the effects of the disaster on residents of the states.
He explained said the fund “would be taken from the Federal Government’s Ecological Account in the Central Bank of Nigeria”.
He said the Minister of Finance has been directed to release the money directly to the National Emergency Management Agency, NEMA, for onward distribution to the affected states.