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Home Headlines

Oyo receives N7.2b Paris Club refund

by Naira
February 2, 2017
in Headlines

image

The Oyo State government has received N7.2billion of the Paris Club refund.

It said 60 per cent of the fund was added to its federal allocation to pay August and September salaries.

Commissioner for Information Toye Arulogun, at a briefing yesterday, said the fund was released due to Governor Abiola Ajimobi’s doggedness, determination and tenacity.

“The governor’s efforts have yielded fruitful results. We all remember that Oyo State was initially excluded from the benefitting states. The Federal Government claimed that the previous administration collected the state’s share.

“He was not at peace with the development and swung into action to ensure that the state was included.

“The governor mandated the Ministry of Finance to reconcile accounts with the Federal Ministry of Finance.

“The results of the reconciliation and the governor’s spirited efforts led to the payment of N7.2billion to Oyo State.

“We have used 60 per cent of the funds to pay salaries as promised by the governor during the interfaith service on January 3.”

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