N5b LG Bailout Will Be Released Soon- Gov. Ahmed

Date: 2015-09-20

The Kwara State Governor, Alhaji Abdulfatah Ahmed has expressed optimism that the Central Bank of Nigeria (CBN) will soon release the N5 billion bailout loan for the payment of salary and pension arrears at the local government level in the state.

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.

Ganmo Electricity Sub-Station     Third Estate     Muhammad-Mustapha Suleiman     Garment Factory     Hussein Olokooba     Abdulkadir Akanbi-Oke     Omar Gambari     Owo Isowo     Kayode Ibrahim     Ghali Muhammed     Maryam Ado Bayero     United Nigeria Airline     Valsolar Consortium     Yemi Osinbajo     Yomi Ogunsola     TESCOM 2025     Niyi Ogundiran     Ishaq Abdulkarim     Abdulrasheed Lafia     Yusuf Aiyedun     Sheriff Olanrewaju     Bola Iyabo Ibiyeye Adisa     Okanlawon Musa     Code Of Conduct     Ayinde Oki     Ibrahim Kayode Adeyemi     Ilorin West/Asa Federal Constituency     Jumoke F. Ajao     Yeketi     Lukman Adeloyin     Erin-ile     Federal College Of Education (Special), Afon     Bola Tinubu     Abdulazeez Arowona     Abdulrahman Abdulrasaq     General Hospital, Ilorin     Kwara State Infrastructure Development Fund     Isiaka Danmeromu     Summit University     Abdulrahman Abdulrazaq     Al-Hikmah University     Kayode Yusuf     Igbomina     Abubakar Kawu Baraje     Salihu Ajibola Ajia     Sango-UITH Road     Ballah     KWASSIP     Smart School     Victor Gbenga Yusuf     Abiodun Abdulkareem     Yekeen Alabi     Gafaru Olayiwola Olorisade     Reuben Paraje     Oke-Ero     Tunji Ajanaku     Jawondo     Nigerian Army     Patience Jonathan     Adam Abdullahi Al-Ilory     Moses Afolayan     KSIRS     Ophthalmological Society Of Nigeria     Sanusi Abubakar     Peculiar Allowance     Akeem Lawal     Otunba Taiwo Joseph     Bolaji Abdullahi     Tescom.kwarastate.gov.ng     Hamid Bobboyi     Olugbense     Kwara State Geographic Information Service     Lasiele Alabi Yahaya     Kwara State Football Association     Olayinka Jelili Yusuf     Balogin Alanamu     Iyabo Adewuyi    

Cloud Tag: What's trending

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

Ayodele Shittu     Ojo Fadumila     Ibrahim Abduquadri Abikan     Sam Onile     Isiaka Rafiu Mope     Laboratory-to-Product     HICA     Waziri Yakubu Gobir     Woro     Tunde Idiagbon Road     Ganiyu Abolarin     Yunus Lawal     Police Commissioner     Musibau Akanji     Nupe     Talaka Parapo     Amusa Bello     Orisun Igbomina     Hauwa Nuru     Abdulganiyu Salahudeen     Kayode Ibrahim     Abiodun Oyedepo     Shonga Farm Project     Atunwa     REO CAKES     Abdulrasaq Alaro     Mohammed Yahaya Barki     Aishatu Ahmed Gobir     Abraham Ojo     National Union Of Road Transport Workers     SDP     Ojuekun Sarumi     Prince Mahe Abdulkadir     Oni Adebayo     Ibrahim Oloriegbe     Gaa Olobi     Kwara State Government     Bayo Onimago     Earlyon Technologies     Sun Qing Rong     Sa\'adu Gambari     Onilorin     NULGE     Afolabi-Oshatimehin Adenike Harriet     Imam Gambari     Yomi Adeboye     Col. Taiwo     Aisha Buhari     Mohammed Saidu     Ilorin Anchor Men And Women     Ahmed     Toyosi Thomas     Tunde Akanbi     Abegunde Goke     Pilgrims Board     Amasa     Folashade Omoniyi     Abdulkadri Ahmad Alaiye     Odolaye Aremu     Kwara State Pension Board     Tunde Saad     Yahya Mohammed     Oladipo Akanmu Tolani     Ganmo Power Sub-Station     Risikat Lawal     Taiwo Joseph     Ibrahim Abiodun     Kayode Ishola     Bukola Ajikobi     TETFUND     Sanitation Exercise     Ezekiel Yissa Benjamin     ASKOMP     Ben Duntoye     Oke-opin     Monsurat Omotosho     Abdulganiy Abimbola Abdussalam