Gov. Ahmed Directs Release of N2b to LGs, SUBEB

January 10, 2017
Gov. Ahmed Directs Release of N2b to LGs, SUBEB

Gov. Ahmed Directs Release of N2b to LGs, SUBEB

By Dipo Olowookere

Kwara State Governor, Mr Abdulfatah Ahmed, has directed the immediate release of N2 billion to the 16 local government councils and SUBEB in the state.

This followed the receipt of N3.773 billion on Monday evening from the Federal Government, being balance of the 25 percent of the state’s claim as its share of the London-Paris club.

Commissioner for Finance, Mr Demola Banu, who disclosed this in Ilorin, noted that the state government’s account was credited around 5pm on Monday.

Mr Banu explained that following the receipt of the money, Governor Ahmed, who personally coordinated efforts to secure the outstanding balance, directed the immediate release of additional N2 billion out of the money to the 16 LGs to enable them pay part of salary and pension arrears.

He further disclosed that this brings to N3.4 billion the total amount of money the state government has released to the LGs as their share of the London-Paris Club refund.

The Commissioner expressed optimism that the release of the N2 billion to the local councils will bring some succour to their workers, who are owed backlog of arrears.

It will be recalled that the state government on Saturday announced that it was in the process of getting the Federal Ministry of Finance to process and release the balance of N3.7 billion this week.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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