Airport takeover: Tinubu seeks Reps’ backing for N100.5bn refund to Yobe
President Bola Tinubu has asked the House of Representatives to approve a N100.5bn promissory note to reimburse Yobe State for the FG’s takeover of the air Read More: https://punchng.com/airport-takeover-tinubu-seeks-reps-backing-for-n100-5bn-refund-to-yobe/
President Bola Tinubu has requested the House of Representatives to approve a N100.5 billion promissory note program for compensating the Yobe State Government following the takeover of the Muhammadu Buhari International Airport in Damaturu. The request was made during the House's return to plenary after their annual recess. Under the proposed scheme, the Federal Government would reimburse the state through a promissory note issued by the Debt Management Office.
The Federal Executive Council approved the airport takeover on May 23, 2023. The Bureau of Public Procurement recommended N100,509,017,255 as the reimbursement amount.
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