Site icon NewsVeo

FG releases ₦570bn grant to States

President Bola Ahmed Tinubu of Nigeria

The Bola Ahmed Tinubu-led Federal Government has released ₦570bn to the 36 states to expand livelihood support to their citizens.

This was announced on Sunday during the President’s Nationwide Broadcast.

“Also, more than ₦570bn has been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses have benefitted from our nano-grants. An additional 400,000 more nano-businesses are expected to benefit,” the President stated.

He further disclosed that ₦9.1tn was accumulated as total fiscal revenue to the Federal Government’s coffers during the first half of 2024, marking a significant increase from what was earned by the previous administration.

Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

Exit mobile version