N5b LG Bailout Will Be Released Soon- Gov. Ahmed
Speaking during a late-night meeting with state council officials of Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Nigeria Union of Local Government Employees, Nigeria Union of Teachers (NUT) and Nigerian Union of Pensioners at Government House, Ilorin on Friday, Governor Ahmed said he has received assurances from the CBN that funds will be released shortly.
Governor Ahmed expressed concern about the hardship caused to local government workers and pensioners by the arrears which he attributed to continued drop in federal allocation. He commended the workers and pensioners for their patience and pledged to continue working to ensure that the funds are released without further delay.
He stressed that the N5 billion bailout loan, when received, will clear existing arrears at the sixteen local government councils across the state.
On the bailout promised by the Federal Government, Governor Ahmed said the state government received N4.3b to clear the two months' arrears owed State civil servants. Alhaji Ahmed also explained that the Federal Government has restructured the state government's N15b debt into a low-interest 20-year bond. He said the expected savings will enhance the state government's capacity to meet its salary obligations and other responsibilities.
Governor Ahmed however emphasised that the only way for the state and local government councils to avoid salary crises in the future was to grow Internally Generated Revenue as that is the only way the state can survive its current economic challenges.
He therefore called on the people of Kwara State to support the newly established Kwara State Internal Revenue Service (KWIRS) to meet its revenue targets so that salary arrears at the state and local government levels will become a thing of the past.
On the issue of the state-owned media houses, Governor Ahmed said government was putting together a special package to turn around Radio Kwara, The Herald and Kwara Television so that they will generate revenue to cover their overheads and contribute to IGR.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Ike Ekweremadu Ahmed Saidu Rufai Alaiye Rice Farmers Association Of Nigeria HYPPADEC Idi-Ape Akeem Olatunji AbdulGaniyu Kareem Saad Belgore College Of Health SGBN Quareeb Islamic Association Alimi Olusegun Adeniyi CBT Omu-aran Aisha Gobir College Of Education Ilorin Water Reticulation Kwara North Illyasu Abdullahi Sulyman Tejidini Balogun Ajikobi Abubakar Baba Oba Of Jebba Dan Iya Centre For Digital Economy Oba David Oyerinola Adedunmoye Kwara TV Orisun Igbomina Mustapha AbdulGaniyu Tayo Awodiji Public Holiday Aliyu Kora-Sabi Simeon Sayomi Pilgrims Board Iyabo Adisa Ibiyeye Agbarere Ibrahim Abikan Kumbi Titiloye Micheal Imoudu Solomon Edojah Odo-Owa State Bureau Of Internal Revenue Umar Danladi Shero Shaykh Luqman Jimoh Student Learning Support Helpline NIPR Elerin Of Adanla Dele Belgore Diagnostic Centre AGF Abdulrazaq Maimunat Oloriegbe Dele Momodu Olatomiwa Williams Adekunle David Dunmade Geri-Alimi Split Diamond Interchange Kwara 2019 Ibrahim Abduquadri Abikan Tsaragi/Share Fatimat Saliu Mujtabah Bature Aminat Ahmed GAMA Usman Yunusa Yusuf A. Usman Idris Amosa Oladipo Saidu Ayobola Ipinlaiye Akume Onilorin Of Ilorin Federal Neuro-Psychiatric Hospital Dauda Adesola Sulu Gambari Muhammed Mahe Abdulkadir Ajikobi Laduba Adedeji Onimago

