Paris Club Refunds: KWSG Releases N312m to Tertiary Institutions
The affected institutions are Kwara State College of Education, Ilorin, Kwara State College of Education, Oro, Kwara State College of Education (Special), Lafiagi, College of Arabic and Islamic Legal Studies, Ilorin, Kwara State School of Midwifery, Ilorin and Oke-ode as well as Kwara State College of Health Technology, Offa.
Giving a breakdown of the amount in a statement issued in Ilorin, the state Commissioner for Finance, Alhaji Demola Banu, said the payment includes N126, 938, 104 as the 6th instalment of the state governmentís intervention for tertiary institutions in the state. It will be recalled that the intervention was approved by Governor Abdulfatah Ahmed in 2016 as a palliative for the tertiary institutions.
Continuing, he said the balance of N185, 252, 996 represents the third quarterly payment of subvention to the institutions, stressing that the final instalment of N378,426,018 will be paid as additional funds become available.
Alhaji Banu clarified that the N312.1m will go towards paying salary arrears accrued at the tertiary institutions due to drop in allocations in 2016 as the institutions are currently up to date in the payment of monthly salaries.
The Commissioner said that additional releases from the N5.1b Paris Club receipt will be announced in the coming days to clear subvention arrears to government agencies as well as pension and gratuity arrears at the state level as appropriate.
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