Connect with us
Advertise With Us

COVER STORIES

21 States To Benefit From N489bn FG Refunds

Published

on


Twenty one states of the federation are to benefit from the N489 billion approved by the Senate to be refunded to states as funds spent on federal projects in their areas. Senator Victor Umeh (APGA Anambra Central) disclosed this in an interview with newsmen in Awka yesterday. Umeh spoke in his capacity as a member of the Ad-hoc Committee on Promissory Note Programme and Bond Issuance that approved the refund. He said the refund became possible following the rescinding of an earlier Senate resolution on the committee’s interim report of June 7. “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,” he said.

According to him, Lagos State topped recipients of the refund with N114.6 billion while Akwa Ibom came second with N78.7 billion. “Zamfara State will get N60.02 billion from the refund; Ogun, N59.2 billion while Anambra will receive N37.95 billion.”
He explained that Anambra presented a bill for N43 billion but N37,970,048,097.03 was approved for the state. “The approval of the refund followed a motion by Sen. 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 enjoined the Federal Government to release the money on time so that states especially, Anambra, could put such fund to use. “The Deputy Governor of Anambra, Dr Nkem Okeke and I, led the Anambra delegation to the refund defence. “I devoted my time to it because Gov. Willie Obiano is doing well and needs as much assistance as possible to continue his good work,” he said.



Copyright LEADERSHIP.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: editor@leadership.ng







Advertisement
Comments

MOST POPULAR

Pin It on Pinterest

Share This

Share this post with your friends!