Tag: Bailout Fund

  • Kogi receives fresh N30.8bn bailout fund from FG

    Kogi receives fresh N30.8bn bailout fund from FG

    Gov. Yahaya Bello of Kogi says that his administration has received a fresh N30.8 billion bailout fund from the Federal Government.
    Bello made the disclosure on Monday in Lokoja while performing the ground breaking ceremony of a chapel in the Government House.
    He said that the money was the balance of the N50 billion bailout fund which his administration had earlier requested for.
    The News Agency of Nigeria (NAN) reports that this brings to N50 billion the total amount received by the state as bailout fund on behalf of the state and local government councils.
    Bello said that the money would be used to clear the four months of salary arrears being owed workers and pensioners in the state.
    “I want to thank President Muhammadu Buhari for approving our latest request for bailout.
    “I also thank the Attah of Igala for leading our traditional leaders to the president to strongly make our case.
    ” I thank the CBN Governor and everyone else in the value chain who helped to facilitate the money,” Bello said.
    The governor, who highlighted his administration’s efforts to improve the security, health and education sectors in the state, promised to deliver more dividends of democracy to the people.
    According to him, the decision to build a chapel was to ensure fairness to all the adherents of Islam and Christianity.
    “Today, we are gathered here to flag off the construction of a building which will not just be a house of worship for Christians but also a symbol of access, welcome and inclusion,” he stated.
    The governor commended the people for their peaceful co-existence, urging them to sustain it in the overall interest of the state.

  • Buhari’s bailout fund cannot clear salaries, pension arrears in Benue – Ortom

    …accuses NLC of blackmail

    …Says we inherited N69 billion salaries, Pension arrears

    Governor Samuel Ortom of Benue State has said that President Muhammadu Buhari’s bail out fund to states (especially in Benue) cannot clear the backlog of salaries and pension arrears the new governors inherited from past governments in their various states.

    Ortom noted that specifically, he inherited arrears of salaries, pensions and gratuity of about N69 billion from past administrations.

    TheNewsGuru.com reports that the leadership of the Nigeria Labour Congress had earlier listed Benue State Government as the worst in salary and pension payment. The congress however told workers in the state to take their destinies in their hands by embarking on strike to get their entitlements from the state government.

    Ortom who spoke at a book launch in Abuja on Tuesday however berated the leadership of NLC for inciting workers in the state to go on strike.

    He also challenge the leaders of Labour to drag his government to the anti-corruption agencies in the country if they feel that he was not fair to Benue workers in the appropriation of the federal government bailout fund to drag his government to the anti-corruption agencies.

    He insisted that the leadership of Labour should do a comparative analysis of remuneration of Benue workers with other states, insisting that he is paying higher than any other state in the country.

    Governor Ortom said his government was open to dialogue, urging anybody with superior programs to tackle the issue to bring it on the dialogue table.

    I believe that the discussion is still ongoing. We will still talk even though I feel that we should not be discussing our problems in the media. I have told them to bring the issues on the table because government is ready to put all the figures on the table to anyone to see.

    It is part of our transparency and accountability. One thing I can assure you is that we have formed a process of working towards it. It is not enough for the leadership of the labour union to incite the workers to go on strike at the National level and Benue state.

    For me, it is not the best way of unionism and taking care of workers. Benue State has a peculiar problem. We inherited a debt arrears of N69 billion of pension, gratuity and salaries.

    Now, the intervention from the federal government called Paris Club or bailout as they call it even though it is a loan all together could not clear the N69 billion debt arrears. So, the challenge is still there and everybody knows about it.

    The figures are on the table for everyone to see. For us, Benue is one of the States in the country paying the highest salary as at today I am talking to you. I challenge you to compare your note.

    In other states where Permanent Secretaries are collecting N230, 000, we are paying N500, 000 because that is what we inherited. We believe in dialogue and discussion and if you have superior programs that can make things better for Benue people bring them on the table for discussion.

    It is not just enough to go and incite people to go on strike to prove that that government is not paying. They should ask what has been the history. I challenge them to do analysis of what has been on ground.

    The good thing is that none of the anti-corruption agency can indict us for misappropriation of bailout fund because we have been very transparent. That is where we are now,” he said.