Buhari Is A Caring Leader:BMO|Nigeria News Today

The President Federal Republic of Nigeria, Muhammadu Buhari's Media Organization has described the president ad a caring leader as he dished out N656 billion bailout to all 36 states of the federation. 

This was contained in a statement by the Chairman, Niyi Akinsiju, and Secretary, Cassidy Madueke, on Wednesday and according to them each state will get N18.2 billion which will help them to meet financial obligations and budget support due for repayment.

They also added that the said fund will be disbursed in six tranches over six months, with a 30-year tenor, and a 2-year moratorium at an interest rate of 9 percent. 

“Not even in the oil boom years of the People’s Democratic Party (PDP) did the country witness anything close to this”, the statement read.

“Another was in 2016 while a third was disbursed in 2017 with President Buhari specifically insisting that Governors should prioritize payment of salaries,” it added.

BMO said the most recent shows Buhari “is so compassionate that he once asked some Governors how they sleep at night knowing that workers salaries had not been paid”.

The body advised Governors to use the N18.2 billion judiciously on projects and programmes that would be beneficial to the people.