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.
Gurei Baruten Abdulrahman Abdullahi Kayode Aro Yahaya Umaru Saro Alagbado Garuba Alikinla Shittu Baba Issa Olatunde Oyeyiola Bisi Kristien Dunmade TIC Shaykh Luqman Jimoh Saeedat Aliyu Ogidi-Oloje Kwara Liberation Group Okin High School Ayodele Kuburat Olaosebikan KW-GIS Mohammed Yisa Bayo Mohammed Onimode Adisa Logun Garba Ado Sanni Abiodun Jacob Ajiboye Muyideen Ajani Bello Abdullahi Adisa Akodudu Ishaq Abdulkarim Abatemi Usman Ohoro Of Shao GANZY Shuaibu Yaman Abdullahi Ope Saraki Code Of Conduct Bureau Abiodun Musa Aibinu Ahmed Amuda Musbau Abdulraheem Olesin Esinniobiwa Quareeb Farouk Salim Yunus Lawal Kwasu Kayode Zubair Nigerian Army KWASEIC Egbewole Issa Memunat Moyosore Suleiman Mora Omar Bashir Badawi Kwara State Branch Of The National Library Emmanuel Olatunji Adesoye Kayode Oyin-Zubair Laboratory-to-Product HICA Computer Based Test Mohammed Alabi Lawal Oke-Ode Abdulrahman Abdulrazaq Senior Ibrahim Suleiman Yahaya Muhammad Volunteers Of Ilorin Community And The Emirate Kunle Okeowo Olayinka Are Idi-Ape Falokun-Oja Kolawole Akande Aisha Gobir Olatinwo Voices Of Tomorrow Tafida Old Oyo Hauwa Nuru Dar-Al-Handasah Consultants Balikis Jawondo Abdullahi Biffo Bello Oyebanji COVID-19 Palliatives JSSCE

