Paris Club: We Didn't Receive N9b-KWSG
Reacting on behalf of the government, the State Commissioner for Finance, Alhaji Demola Banu explained that the state government has only received and declared N5billion so far from the federal government but was yet to receive the balance of about N3.7billion.
He emphasized however that the state government is in the process of getting the Federal Ministry of Finance, Abuja to process and release the balance.
Providing further explanation, Banu emphasized that all states were supposed to receive 25 per cent of their claim, which in the case of Kwara State, amounted to about N9b, pending final reconciliation. He said that only N5b of the claim was released to the state as announced earlier. He said that having made a strong case for the balance of the 25 per cent, the state government was expecting the release of approximately N3.7b from the federal government anytime from next week. Banu said that additional installments of the remaining seventy-five per cent was also being expected by the state once the figures are verified.
Providing further clarification, Dr. Muyideen Akorede, Senior Special Assistant on Media and Communication, revealed that the state governor, Alhaji Abdulfatah Ahmed was personally coordinating efforts to secure the outstanding and had travelled to Abuja on different occasions to meet with federal officials to ensure timely reconciliation and release.
Akorede assured that once the money is received, Governor Abdulfatah Ahmed will approve the release of local governments' share of the fund to pay the proportion of staff and pension arrears the fund can cover. He said there was no way the government will announce funds which it had not received from the Federal Government or any other source.
He recalled that from N5billion earlier received by the state government from Federal Government for the London-Paris Club loan over-deductions in November 2016, Governor Ahmed had directed the release of N1.4b to local governments to augment their allocation for the payment of November and December 2016 salaries, while another N892m was released to clear salary arrears at tertiary institutions in the state.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Sunday Otokiti Omoniyi M. Ayinla Moji Makanjuola Belgore Abubakar Baba Sulaiman Abdulwasiu Bolaji Adeyi School Of Nursing GRA Abubakar Olusola Saraki Abdulraheem Yusuf Omar Gambari Salihu Ajia Yunus Oniboki Senate Onikijipa Orire Sulu Gambari 3MTT Yahaya A Paniyaro Kwara South Saraki Flights To Ilorin Yahaya Oloriegbe Sheriff Olanrewaju AbdulRauf Keji Olota Of Odo-Owa Kwara State Television Hameed Oladipupo Ali Forgo Battery Company Limited Oye Tinuoye Ekweremadu Bolaji Aladie John Mayokun Dada Kwara Muslim Pilgrims Welfare Board Goodluck Jonathan Abiodun Musa Aibinu Yakubu Danladi Sebastine Obasi FERMA Yusuf Olaolu Ali Hamidat Sulyman-Yusuf Ilorin East Yaru Abdulmajeed Wahab Gabriel Fashanu Afin Descendants Union Of Odo-Owa International Public Sector Accounting Standards NYSC Justina Oha Oniye Onilu Gurei CKNG MalHub National Association Of Nigerian Students Trade Lenda SME Fair Zulu Gambari Doyin Awoyale Iyaloja-General Babata Lanre Jimoh IsDB David Oyepinola Adedumoye Sulu Babaita Isiaka Ridwan Agboola Abdulkarim Adisa Yomi Adeboye Kwara University Of Education Ibrahim Bio Kwara 2023 Fatimah Abdulkadir Awodun Abdulhakeem Adelaja Amao Yusuf Badmus Taofik Abdulkareem Babaita Abdulkadir Orire Ibrahim Abduquadri Abikan

