Gov. Ortom To Pay Workers’ Salaries With The Paris Club Refund of N6.4billion

Gov. Ortom To Pay Workers’ Salaries With The Paris Club Refund of N6.4billion

Terver Akase, the governor’s chief press secretary revealed why the state had received just N6.4bn even though it was expecting 25 percent of the second tranche of the Paris Club refund

- Akase disclosed that the state government would still have to augment the money received, in order for it to be able to pay one month’s salaries

- The governor’s aide also stressed that infrastructural development would not suffer, even though the state government is focusing on paying workers’ salaries at the moment

Samuel Ortom, the Benue state governor, has disclosed that workers’ salaries would be paid with the just released second tranche of the Paris Club Refund of N6.4billion to the state.

According to reports, the development was made public on Wednesday July 19, by the governor’s chief press secretary Terver Akase, while speaking with newsmen in Makurdi, the state’s capital.
The governor’s aide revealed that Benue state received 12.5 percent out of the 25 percent (N13 billion) of the second tranche of the Paris Club refund it was expecting.

According to Akase, as agreed by all 36 state governors, five percent of the money was taken at source, to pay the consultant.

He stated: “The state was expecting 25% of the refund in the second tranche.

“What came in was just N6.8 billion. Five percent was taken from the amount. That is why we have 6.4 billion.”

However, Akase disclosed that in order to be able to pay one month’s salaries, the state government would still need to augment the N6.4bn, because the state’s current wage bill- including pensions and overhead- was over N7.8 billion.

He stated: “The N6.4 billion that was released is not even enough to pay for one month salary and the internally generated revenue is between N250 million and N300 million monthly.
“So it would have to augment it from other sources to be able to pay for one month salary.”

Akase insisted that even though the state government chose to focus on paying workers’ salaries, it did not mean that infrastructural projects in the state would take a back seat.
According to him, as soon as funds were available, ongoing projects would be completed.

Meanwhile, previous reports states that the federal government released a state-by-state breakdown of another tranche of refund amounting to N243.8 billion being over-deductions on Paris Club, London Club Loans.

The minister of Finance, Mrs Kemi Adeosun, in a statement on Tuesday July 18, said that the debt service deductions were in respect of the Paris Club, London Club and multilateral debts of the Federal and State government from 1995 to 2002.

COMMENTS

Name

Benue News,375,Biafra,5,Business News,72,Celebrities,92,Crime And Offence,45,Culture,25,Download,5,Education,57,Entertainment,152,Fashion,4,Foreign News,44,Ghana News,5,Health,36,Jobs/Recruitements,20,Nigerian News,823,Politics,305,Relationship,78,Slider,5,Sports,34,Taraba News,12,Technology,15,
ltr
item
Benue Blog Portal: Gov. Ortom To Pay Workers’ Salaries With The Paris Club Refund of N6.4billion
Gov. Ortom To Pay Workers’ Salaries With The Paris Club Refund of N6.4billion
https://4.bp.blogspot.com/-FD-zEoX8fRo/WXBerHPlgLI/AAAAAAAAJHI/2q7ZDWLlaHQNlmIixv_tSjXhdIi6xHjLQCLcBGAs/s400/Dr.-Samuel-Ortom.png
https://4.bp.blogspot.com/-FD-zEoX8fRo/WXBerHPlgLI/AAAAAAAAJHI/2q7ZDWLlaHQNlmIixv_tSjXhdIi6xHjLQCLcBGAs/s72-c/Dr.-Samuel-Ortom.png
Benue Blog Portal
http://www.benueblog.com/2017/07/gov-ortom-to-pay-workers-salaries-with.html
http://www.benueblog.com/
http://www.benueblog.com/
http://www.benueblog.com/2017/07/gov-ortom-to-pay-workers-salaries-with.html
true
8328915417938209519
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete Posted By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy