FG DISBURSE N489BN TO 21 STATES AS FUNDS EXPENDED FEDERAL PROJECTS - Soul 2 Soul Mates Blog

Soul 2 Soul Mates Blog

News Politics Sports Entertainment Gossip Jokes Lifestyles etc.

Post Top Ad

Post Top Ad

8/02/2018

FG DISBURSE N489BN TO 21 STATES AS FUNDS EXPENDED FEDERAL PROJECTS


The federal government is slated to disburse about N489bn to 21 states as reimbursement for funds expended on federal projects in their respective states.

The senator representing Anambra Central senatorial district, Senator Victor Umeh disclosed this to journalists in Awka, Anambra state capital, at a press briefing on Thursday, saying the approval was given recently by the Senate.

Umeh said the approval was made by the Senate ad hoc committee on promissory note programme and bond issuance, following the rescinding of earlier Senate resolution on the committee’s interim report of 7th June, 2018.

The senator said, “The Senate decided to settle some of the outstanding claims and liabilities of states in the sum of N488, 743,526,204.77 based on state-by-state claims.

“The approval of the refund followed a motion by Senator Francis Alimikhena (Edo North) that the Senate should settle inherited local debts and contractual obligations on refund to state governments for projects executed on behalf of the Federal Government.”

Umeh however enjoined the federal government to release the money on time so that states, especially Anambra, could put such fund to use.

He added, “I and the deputy governor of Anambra State, Dr. Nkem Okeke led the Anambra delegation to the refund defense. I devoted my time to it because Governor Willie Obiano is doing well and needs as much assistance possible to continue his good work.”

Umeh disclosed that of the 21 states, Lagos would receive the largest share of the money, totaling N114.6billion, while Akwa-Ibom came second with N78.7 billion.

Zamfara would get N60.02billion, Ogun: N59.2billion and Anambra: N37.9billion, among others.

No comments:

Post a Comment

Post Top Ad