Paris Club Refunds: KWSG Releases N312m to Tertiary Institutions

Date: 2017-07-19

Following the release of N1b to Local Government Councils in the state, the Kwara State Governor, Alhaji Abdulfatah Ahmed has also approved the release of N312, 191, 101.71 to tertiary institutions in the state to clear salary arrears.

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.

 

 


Cloud Tag: What's trending

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

Babatunde Ajeigbe     Taofik Mustapha     Omu Aran     Quranic Recitation Competition     Iyiola Oyedepo     Olaosebikan     Oke-Odo     NTA Ilorin     Third Estate     Kwara     Ali Ahmad     Sola Saraki University     Oloyede     Agbarigidoma     Abubakar Aliagan     Olaitan Adefila     Photo News     Ahmad Uthman     KWTV     Modibbo Kawu     Cassava Growers' Association     Ahmed 'Lateef     Offa Poly     Oke-Kura     Umar Bayo Abdulwahab     Idris Garba     Diagnostic Centre     Lawal Arinola Kudirat     Wahab Abayawo     Split Diamond Interchange     Mufutau Gbadamosi Esuwoye     Rex Olawoye     Balogun Gambari     Femi Ogunsola     20 Billion Bond     JAAC     Aremu Odolaye     Ilofa     Wole Oke     Iqra Books     Labaeka     Afonja     Vasolar Consultoria     Ilorin West     Olateju Lukman     Oyin-Zubair     Idofin     Centre For Peace And Strategic Studies     Yakubu Dogara     Eruku     Odolaye Aremu     Ojuekun     Valsolar-Kwara Company Limited     Christopher Ayeni     Gbemisola Saraki     Elections     EFCC     Kwha.gov.ng     General Hospital     Press Release     Sidikat Uthman Ajibola     Olomu     Awodun     Ifelodun     Kazeem Adekanye     KWIRS     ARMTI     Hajj     Yeketi     Joseph Yemi Ajayi     Abdulrazaq Adebayo     High Court     Oba Abu     Abiodun Jacob Ajiboye     Federal Polytechnic Offa     Federal Allocation     Mohammed Tunde-Jimoh