Acting President Yemi Osinbajo has directed the Minister of Finance, Mrs Kemi Adeosun, to release N1.6 billion to 16 states ravaged by floods across the country, Special Adviser to the President on Media and Publicity, Mr Femi Adesina, said on Wednesday.
Briefing the State House correspondents after the weekly Federal Executive Council (FEC) meeting at the Presidential Villa in Abuja, Adesina said the funds would help to cushion the effects of flooding on Nigerians.
He said the money, to be taken from Federal Governent’s Ecological Account at the Central Bank of Nigeria (CBN), would be released to the National Emergency Management Agency (NEMA) for onward disbursement to the affected states.
The benefiting states are Edo, Sokoto, Ekiti, Osun, Akwa Ibom, Kebbi, Niger, Kwara, Ebonyi, Enugu, Abia, Oyo, Lagos, Plateau and Bayelsa.