Benue gets N28bn bailout fund, to com­mence dis­burse­ment soon

Daily Trust - - NEWS - From Hope Abah, Makurdi

Gover­nor Sa­muel Or­tom of Benue State has con­firmed the re­ceipt of N28 bil­lion bailout fund from the Cen­tral Bank of Nige­ria (CBN) with a prom­ise to com­mence dis­burse­ment to work­ers soon.

Or­tom who made the dis­clo­sure at the week­end dur­ing a stake­hold­ers meet­ing in Makurdi, to un­veil the blueprint of his ad­min­is­tra­tion said the state gov­ern­ment re­ceived the money only a few days ago.

“We re­ceived bailout funds for pay­ment of salary ar­rears at both the lo­cal gov­ern­ment and state lev­els. We ac­cessed N15.5 bil­lion for pay­ment of teach­ers and lo­cal gov­ern­ment salary ar­rears and N12.5 for state gov­ern­ment work­ers,” he said.

The gover­nor how­ever re­gret­ted that the much awaited funds may not be able to clear all salary ar­rears. He noted that de­spite the ob­vi­ous chal­lenge, his ad­min­is­tra­tion has pro­ceeded to set up com­mit­tees which in­volve all ma­jor stake­hold­ers in­clud­ing union lead­ers, for the dis­burse­ment which will com­mence as soon as the modal­i­ties are com­pleted.

Our cor­re­spon­dent re­ports that ver­i­fi­ca­tion ex­er­cises are also cur­rently be­ing car­ried out at both the state and lo­cal gov­ern­ment lev­els to as­cer­tain the gen­uine­ness or oth­er­wise of wage bills.

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