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.
Dan Masanin Ronke Adeyemi Yusuf Abubakar Lafiagi Yusuf Amuda Abubakar MATTA Girls Foundation Erubu Kola Adesina Ilorin West/Asa Federal Constituency Alabi Olayemi Abdulrazak Ella Supreme Tissue Paper Akande Idowu Ayoola Muhammed Ajibola Saliu Ajia Kola Ologbondiyan Prince Bola Ajibola KWASAA ASUU John Olobayo Damilola Yusuf Abdulwahab Olarewaju Issa Obasanjo National Pilot Neo Mundo Ltd Osi Rebecca Olanrewaju Ben Duntoye Mutawali Bureau Of Lands Jimoh Saadudeen Muhammed Rachael Obisesan Muslimah Entrepreneurship Forum Kaosarah Adeyi Ghali Muhammed Mustapha Olanipekun Federal Road Maintenance Agency AbdulRahman Saad Minimum Wage Sidikat Uthman Ajibola Umar Adelodun Imodoye Writer’s Enclave Sherif Sagaya Najim Yaasin Quran Adeola Abraham Gwanara Salihu Ajia Oyedepo Kazeem Oladepo Elesie Of Esie Ilesha-Baruba Modupe Oluwole Ilorin Anchor Men And Women Maigida JUSUN Abdul-Rahoof Bello Plat Technologies Limited Rebecca Bake Yaman Oke-Ero Tunji Arosanyin Peter Obi Abubakar Ndakene Babajide Ajayi Ojo Isekuse Charles Ibitoye Ibraheem Abdullateef Olatunji Moronfoye Patigi Regatta Ebola Grillo Muritala Awodun Muhammad Fawaz Abubakar Alaaya Hamidat Sulyman-Yusuf Rasheed Jimoh Dunmade Saad Omo Iya

