Kwara Spends 45.8% of N5b Paris Club Refund On Salaries

December 26, 2016
Kwara Spends 45.8% of N5b Paris Club Refund On Salaries

Kwara Spends 45.8% of N5b Paris Club Refund On Salaries

By Dipo Olowookere

About N2.290 billion representing 45.8 percent of the N5 billion Paris Club refund received from the Federal Government by the Kwara State government has now spent to pay salaries of workers in the state.

This was so as a result of the release of an additional N400 million by the state government to local councils to enable them pay December salary in full.

In a statement issued via its Facebook page on Saturday, the state government said with this development, it has complied with the directive of President Muhammadu Buhari that states should use 25 percent of their London-Paris Club refund to pay salary arrears.

The state government had earlier released N1 billion to the local governments and another N890 million approved for the payment of outstanding salary arrears of staff of tertiary institutions in the state.

The statement noted that following the release of an additional N400 million, the Kwara State government has used a total of N2.290 billion out of the N5 billion it received as its share of the London-Paris club refund on salary payment.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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