House of Representatives Approves N100.5bn for Yobe Airport
The House of Representatives has approved a N100.5 billion Promissory Note Programme to reimburse the Yobe State Government for the Federal Government's takeover of the Muhammadu Buhari International Cargo Airport located in Damaturu. The approved amount totals N100,509,017,234.55, which reflects the claim made by the state government and has been endorsed by the Federal Executive Council (FEC).
This decision was made after the House Committee on Aids, Loans and Debt Management, chaired by Hon. Abubakar Nalaraba, presented a report during the Committee of Supply at the National Assembly in Abuja. Nalaraba stated that the approval was granted following thorough due diligence and a comprehensive oversight assessment of the airport project.
The reimbursement aims to compensate the Yobe State Government for the facility after its transfer to the Federal Government. The funding will be settled through the Promissory Note Programme as per the FEC's endorsement.
Plus234Feed summary based on reporting from The Authority. Read the original report below.
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