Kwara local govts get N2.1 billion loan to pay November salaries

Date: 2017-12-08

Chairman of the 16 Local Government areas of Kwara state have agreed to obtain N2.1 billion loan from banks in order to pay November salaries and to meet other financial obligations due to late disbursement of monthly allocation from Federation Account Allocation Committee.

The Commissioner for Local Government, Chieftaincy Affairs and Community Development, Alhaji Haruna Tanbiri Muhammad, made this known after an emergency Joint Account Allocation Committee (JAAC) meeting on Thursday in Ilorin.

"Kwara State government has not received November monthly allocation from Federation Account. The Council chairmen felt that this has become necessary in order to alleviate the plight of the Local government workers," he stated.

According to him, the chairmen applied for the loan in anticipatory of expected November allocation from the federation account, saying that the delay in disbursement of November allocation from Federation Account Allocation Committee (FAAC) has aggravated the suffering of the workers.

He explained that the State Universal Education Board (SUBEB), teachers salary stood at N900,000,000, while LGEA pension would gulp N278,892,566.50 among others.

He explained that anticipatory statutory allocation for the month of November stood at N2,100,000,000 as against N1,555,329,112.84 received in October; 10 percent IGR from the state government was N37,290,837.51.

He revealed that the sum of N280, 045, 355 was deducted at source as repayment for the N4.820billion loan facility the councils obtained in 2015 to pay salaries.

He explained that the fund was appropriated in line with law guiding the local government account which included; teachers salary N900,000,000 and LGEA pension N278,892,566.50 among others.

The Commissioner, however, explained that the 16 LGs shared a total of a distributable amount of N676,8 million for the month of November.

He explained that the distribution of the allocations among the Local Government Councils in the state was done in accordance with section 4(2) of the state Joint Local Government Account Law (cap80) as amended by Law 15 of 2001.

The Commissioner charged the newly sworn in Chairmen to contribute their quota to socio-economic of their respective councils.

The Leaders of the labour unions under the aegis of the Nigeria Labour Union (NLC) led by its Chairman, Comrade Yekeen Agunbiade, urged the state government not to renege in its efforts to assist the 16 LGs to get out of the financial challenges.

Source

 

Cloud Tag: What's trending

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

Omupo     Oko-Erin     Clement Yomi Adeboye     Yahaya Abdulkareem     Babatunde Idiagbon     Abdulrauf Yusuf     Valsolar Consortium     Issa Manzuma     Harmony Holdings     CKNG     Vasolar-Kwara Company Ltd     Asa     Tanke Flyover Bridge     Bayer Nigeria Limited     Christian Association Of Nigeria     Share-Tsaragi     Kwara State Governor     ITEM 7     Igosun     Ridhwanullah Al-Ilory     Danladi     Alanamu     Medview Airlines     CACOVID     Babatunde Ajeigbe     SGBN     Okanlawon Musa     Issa Oloruntogun     Code Of Conduct Tribunal     Akanji     Ilorin Like-Minds     Idris Garuba     TESCOM 2025     Abdulazeez Uthman     Doyin Group     Umar Ahmed Gunu     Usman Rifun     Elekoyangan     Oye Tinuoye     IEDPU     Muazam Nayaya     Zulu Gambari     John Mayokun Dada     Haleeman Salman     Noah Yusuf     Waheed Ibrahim     ENetSuD     FOMWAN     Ejidongari     Ahmed Alhasssan     Raji Ayodele Kamaldeen     Iliasu     Joseph Offorjama     Abiodun Musa Aibinu     Igbomina     COEASU     Saidu Yaro Musa     Sulaiman Gado     AbdulRazaq Jiddah     Bukola Saraki     KwaraLearn     Onilorin     Titus Ashaolu     Abdulrahman Onikijipa     Razaq Atunwa     Kumbi Titiloye     Kwara State Council Of Chiefs     Olusegun Adeniyi     Funmilayo Mohammed     Yemi Sanni     Femi Gbajabiamila     Yusuf Lawal     Academic Staff Union Of Universities     Chief Of Staff     Zubair Folorunsho Erubu     Kwara Teaching Service Commission     Erin-ile    

Cloud Tag: What's trending

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

Imodoye Writer’s Enclave     Dasuki Belgore     Eleyele     Marufat Oladosu     Salihu S. Yaru     Oluwole Dupe     Shuaib Boni Aliyu     Ahmad Lawan     Bisi Oyeleke     Fareedah Dankaka     Temitope Ogunbanke     Abdulwahab Olarewaju Issa     Federal Neuro-Psychiatric Hospital     Lukman Oyebanji Fagbemi     Balogin Alanamu     N-Power     Sheikh Ridhwanullah El-ilory     Borgu     Olabanji Orilonishe     Iliasu     Mamman Saba Jibril     National Union Of Road Transport Workers     Kwara Metro Park     Aliyu Umar     Kale Ayo     Curfew     Durosinlohun Kawu     Yinka Aluko     Mahee Abdulkadir     Ilorin Emirate Stakeholders Forum     Habeeb Abdullahi Al-Ilory     International Vocational Centre     Egbewole     Pategi     Lola Olabayo     Yusuf Zulu-Gambari     Abdulfatah Ahmed     Bola Tinubu     Oloje     Bukola Ajikobi     Mohammed Halidu     Ibrahim Abduquadri Abikan     Aliyu Muyideen     Okin Group     Code Of Conduct Tribunal     Oke-Odo     Surajudeen Akanbi     Babajide Ajayi     Saadu Yusuf     Abdulkarim Adisa     Obasanjo     Sobi     Bisi Kristien     Wahab Kunle Shittu     Bello Taoheed Abubakar     Abdullahi Adisa Akodudu     Budo Egba     Adesina Simon Sodiya     KWSIEC     Shoprite     Shola Odetundun     Ramadhan     Wale Oladepo     Sarah Alade     Jaiz Bank     Olam Food Ingredients     Mohammed Alabi Lawal     Millennium Development Goals     Folorunsho Erubu     Ayodele Shittu     Omoniyi Ayinla     Musa Abdullahi     Joana Nnazua Kolo     Oyedepo     Kolo     Amasa     Abubakar Imam