By: Valentine Adese,
The Plateau State Government has disclosed that it has already collected loans to the tune of N42 Billion from Banks to assist it in meeting up with competing demands amidst the lean resource of the state.
|PERM. SEC. SANI YAHAYA, FLANKED BY OTHER STAFF OF MIN. OF FINANCE|
Mr. Sani, also lamented that the proportion of the Salaries/Pension from the refunded Paris/London Club Funds, would not be able to settle the overdraft liability amounting to N1, 960, 778, 585. 86, not to talk of paying July, 2017, salaries/pension.
Despite the financial challenges, the Permanent Secreary futher disclosed that the state government is working hard to pay worker arrears of their salaries, especially the No-Work-No-Pay.
Mr. Sani’s Text in Part reads:
“Giving the background and the situation in which we presently found ourselves, the 50% (N1. 694, 916, 940. 34) proportion of the 2nd tranche due for payment of salaries/pension, cannot even offset the current outstanding Overdraft balance of N1, 960, 778, 585. 86, talk more of paying the July salaries/pension in the average of N2.25 Billion.
“Government is conscious of the No-Work-No-Pay and the subsisting agreement on same. To this end, a committee has been constituted to ascertain the true beneficiaries and work out modalities for payment within the shortest possible time.
“In the same vein, this administration is mindful and committed to enhancing the quality of life of the people of the state”.
You would recall that the state government had disclosed that it received the sum of N5, 644, 079, 055. 41, as refunds from the Paris/London club refunds on 17th July, 2017 in the briefing.