Kwara LGs Excluded from FG Loan Repayment Relief - KWSG

Date: 2016-04-24

The Kwara State Government says that the suspension of monthly deduction at source for states who got bailout funds from the Federal Government does not apply to local governments in the State.

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.

Yusuf Amuda Gobir     Veterinary Teaching Hospital     Aisha Abodunrin Ibrahim     Tayo Awodiji     Frootify     Is\'haq Modibbo Kawu     Suleiman Abubakar     Abubakar Imam     Isiaka Saka Opobiyi     Abdulwaheed Musa     Kola Olota     Sherif Shagaya     Aso-ofi     Kwara State Government     Stephen Fasakin     Pius Abioje     Oko Erin     Lola Olabayo     Towoju     Hassan Taiye Salam     Buari Edun     Laduba     Ganmo Electricity Sub-Station     Aminu Ado Bayero     Muhammad Ghali Alaaya     Wasiu Onidugbe     Muhammadu Buhari     Saka Keji     Offa Descendants Union     Rabiu Kwankwaso     Yakubu Gobir     Ahmad Belgore     Dapo Teni Nig Enterprise     Akande Idowu Ayoola Muhammed     BIR     Unicontinental Construction Company     Okin Malt     Adam Abdullahi Al-Ilory     Babata     Yakubu Dogara     Olatunde Jare     Umar Yakubu Jaja     Mohammed Saidu     Madawaki     Oladimeji Thompson     Abatemi-Usman     Jamila Bio Ibrahim     International Public Sector Accounting Standards     Egbejila     NIPOGA     Zaratu Umar     ER-KANG Mining     Ilesha Gwanara Road     CCB     Kayode Ogunlowo     Amos Sayo     Clement Yomi Adeboye     Abdulganiyu AbdulAzeez     Adamu Atta     Saka Abimbola Isau     Ilorin Likeminds Foundation     Raliat Elelu-Habeeb     Ibrahim Mashood     KWACOBPA     Innocent Okoye     Ariyo     Agbarere     Suleiman Rotimi Iliasu     Buhari     Toyin Falola     Old Oyo     T And K FOODS     Wahab Isa     Idi-Ape     George Funsho Adebayo     Olosi Of Osi     CCT    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Countryside Emerging Leaders Fellowship     Justina Oha     Oloye     Curfew     Hassan Oyeleke     Saka Onimago     Alfa Modibo Belgore     Afolabi-Oshatimehin Adenike Harriet     Lafiagi     Ishola Moses Abiodun     Tayo Awodiji     Public Holiday     International Public Sector Accounting Standards     Baba Issa Awoye     Isiaq Khadeejah     Fareedah Dankaka     Binta Abubakar Mora     Sa\'ad Alanamu     Yusuf Abdulraheem     Ezekiel Yissa Benjamin     Saudat Abdulbaqi     Plat Technologies     Suleiman Abubakar     Mukhtar Shagaya     Saliu Ajibola Ajia     Biliaminu Aliu     Yakub Ali-Agan     Jumoke Monsura Gafar     Patience Jonathan     Atiku Abubakar     Ilorin Emirate Stakeholders Forum     Hijaab     Guber Aspirant     Egbejila     Shade Omoniyi     Toyin Saraki     Waheed Ibrahim     Kwara State Television     Balogun Fulani     Buari Edun     Mohammed Saidu     Iqra Books     Mohammed Jimoh Faworaja     Ilorin Durbar     Dankaka     Jelili Yusuf     KWSIEC     Habeeb Abdullahi Al-Ilory     Mahmud Ayinla Giwa     Jimba Babatunde     Rihanat Ajia     Abdulrasaq Alaro     Yusuf Ali     Ahmed     Paul Odama     Ado Bayero     2023 Elections     Monthly Sanitation Exercise     Pakata     Olomu Of Omu-Aran     Wahab Abayawo     Ridhwanullah Al-Ilory     Playing Host     Gobirawa     Yusuf A. Usman     Kolawole Akande     Oba Of Jebba     Haliru Dantoro     Salaudeen Oyewale     Lawal Olohungbebe     Abubakar Aliagan     Abubakar Atiku     Taiwo Joseph     Obasanjo     John Olajide Adedipe     Raimi Iyanda     Akande Idowu Ayoola Muhammed