Paris Club Refund: Ogun, Osun Confirm Receipt Of N12b

The Ogun State government has confirmed the receipt of N5.7 billion Paris Club refund from the Federal Government.
This was contained in a statement signed by the Honourable Commissioner for Finance, Mr. Wale Oshinowo and made available to newsmen in Abeokuta.
Oshinowo said the sum of N3.4 billion would be given to state government workers to offset outstanding deductions for six months while a sum of N1.1billion would be given to Local Government workers to offset deductions for three months.
Mr. Oshinowo also explained that the balance of N1.2 billion would be used for state expenditure.
He said, although, the Federal Government directive was that 50 per cent of the refund should be used for staff welfare and enumeration, the government of Senator Ibikunle Amosun had decided to apportion 79 per cent to staff enumeration and 21 per cent for state expenditure.
He equally assured that all the funds would be disbursed immediately to the appropriate tiers of government.
The Finance Commissioner assured that the state government is ready to offset all outstanding staff related expenses, as soon as more funds are available.

In Osun State, the sum of N6.314bn, was paid into the state coffers on Monday July 17, 2017.
According to a statement endorsed by director, Bureau of Communication and Strategy to Governor Rauf Aregbesola, Mr Semiu Okanlawon, “in line with our government’s promise to utilise the resources of this state in the best interest of our people, we hereby restate our commitment to this promise as we begin shortly transparent deployment on our commitments to the concerned stakeholders.”

It would be recalled that the state Commissioner for Information and Strategy, Mr Lani Baderinwa, had on Monday said that the state government had not received the second tranche of the Paris loan refund, promising that the public would be adequately informed immediately the administration of Aregbesola gets the funds.

Author: NewsAdmin

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