Kwara LGs Excluded from FG Loan Repayment Relief - KWSG
According to a statement by the State Commissioner for Finance, Alhaji Demola Banu, the 16 local governments in the State were yet to access any bailout funds from the Central Bank of Nigeria and are therefore not eligible for the relief.
He said that it was only the State government that received a bailout fund of N4.3 billion last year, which was used to offset staff salaries and emoluments.
Banu further explained that the bailout loan attracts a monthly repayment of about N200m.
The Commissioner also noted that the N1.519 billion allocation received by the state for the month of April was lower than the N2.4 billion it spends on monthly worker's wages and overheads, adding that the April allocation is far lesser than N3.2 billion the State used to receive in the past.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Jare Olatundun Federal College Of Education (Special), Afon Alao Ayotunde Oko University Road Alaiye SARS Apaokagi John Mayokun Dada Vasolar Consortium Gbemisola Saraki David Oyerinola Adedunmoye General Hospital Geri-Alimi Split Diamond Interchange Mashood Abdulrafiu Agboola Muideen Olaniyi Alalade Rasheed Jimoh Zubair Folorunsho Erubu Yahya Mohammed Ayodele Shittu Abdulrosheed Okiki Ishaq Salman Kamaldeen Ajibade Chemiroy Nigeria Limited Dapo Teni Nig Enterprise Bashir Adigun Ilorin Durbar Alimi Abdulrazaq Usman Yunusa Ibrahim Orire Share/Tsaragi Islamiya Abdulraheem Saliu Oluwole SSUCOEN Sam Onile Musa Abdullahi BECE Muhammad Ghali Alaaya Susan Modupe Oluwole Lanre Jimoh Idiagbon Sadiq Buhari Afolabi-Oshatimehin Adenike Harriet Ope Saraki Ajidagba Bolakale Kawu Dorcas Afeniforo Muhammad Yahya Surajudeen Akanbi Farouk Salim Unilorin FM Law School Scholarship Saidu Yaro Musa Sardauna Of Ilorin Olohungbebe All Confederation Of Principals Of Secondary Schools Shehu Adaramaja Bayo Ajia Onilu Bayer Nigeria Limited Kwara Central Isiaka Abdulrazak Razaq Atunwa KWASEIC Onilorin Bolaji Gambari Olokoba Wasiu Onidugbe Ilorin Like-Minds ASKOMP Ibraheem Abdullateef Kisira AbdulRahman Saad Offa Poly Mohammed Kamaludeen SUBEB Harafat E. Mukadam

