Good news for Rivers, Bayelsa, Osun, Ondo and Cross River States as the Federal Executive Council (FEC) has approved the reimbursement of funds expended on federal roads by the respective state governments.
The total sum to be reimbursed to the five states is N148,141,987,161.25.
Breakdown of the states and what each is getting from the federal government are:
- Cross River N18,394,737,608.85.
- Ondo N7,822,147,577.08.
- Osun N2,468,938,876.78.
- Bayelsa N38,040,564,783.40.
- Rivers N78,953,067,518.29.
The memo was presented by the Minister of Works and Housing Babatunde Fashola at the third virtual council meeting, presided over by President Muhammadu Buhari inside the Council Chambers of the State House.
Information and Culture, Lai Mohammed, who briefed State House Correspondents on behalf of Fashola, said council has also warned there will be no reimbursement in future, should any state government venture into such projects without the nod of the government at the center.