Buhari nigerian states get n1 64b bailout

I think there may be a slight mistake in your statement. The correct information is that the Nigerian Federal Government, under the administration of President Muhammadu Buhari, approved a bailout of N614 billion (not N1.64 billion) to the 36 states of the country in 2015.

The bailout was aimed at helping the states to settle their outstanding debts to banks and other creditors, as well as to address their financial challenges. The funds were disbursed to the states in tranches, with each state receiving a specific amount based on its debt profile and financial needs.

Here's a breakdown of the bailout:

The bailout was a major intervention by the Federal Government to help the states manage their finances and avoid a debt crisis. It was also seen as a way to stimulate economic growth and development in the country.

I hope this clears up any confusion. Let me know if you have any further questions!