NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Buhari to states: Pay workers from debt-service refunds

By News Express on 22/12/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 795

President Buhari.
President Buhari.

President Muhammadu Buhari has requested state governors to pay at least 25% of the refunds made to them from excess deductions for external debt service, to be used to settle outstanding workers’ entitlements.

The President made the call as he approved the sum of 552.74 billion naira to be paid in batches to all the states that are owed.

However, the states are expected to receive 25% of their approved sums in the first instance before the week runs out. There are about 33 states in the bracket.

A statement by his spokesman, Mr Garba Shehu, revealed that the refunds arose following the claims by the states that they had been overcharged in deductions for external debt service between 1995 and 2002.

In a directive through the Minister of Finance, Kemi Adeosun, President Buhari said that the issue of workers’ benefits, particularly salary and pensions must not be allowed to continue as a national problem and should be tackled with all the urgency that can be summoned.

When he assumed office in 2015, the President declared an emergency over unpaid salaries after he discovered that 27 out of Nigeria’s 36 states had fallen behind in payments to their workers, in some cases for up to a year.

Following this, a bailout loan was issued to the states twice with a first batch of about 300 billion naira given to them in 2015 in the form of soft loans.

The administration also got the Debt Management Office (DMO) to restructure their commercial loans of over 660 billion naira and extend the life span of the loans.

Because this did not succeed in pulling many of the states out of distress, the Federal Government consequently gave out an additional 90 billion naira to 22 states in 2016, as yet another bailout loans under very stringent conditions.

President Buhari has expressed the opinion all the time that the payment of salaries and pensions must be given priority to save both serving and retired workers and their families from distress.
(Channels TV)

Source News Express

Posted 22/12/2016 9:24:36 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Fuel ‘too dirty’ for Europe sold to Africa:...

Anambra Govt. issues red alert over bird flu...

Enugu LG Election: Groups reject PDP candidate for...

Breaking: Jonathan appoints new Group Executive Directors for...

Land Use Charge: NBA rejects LASG’s 50 per...

Rapper Kayode Oshin jailed for 22 years after...

Militants threaten to bomb Bonga Field, Niger Bridge,...

CDHR elects officers

LNG seeks $315.6m refund from NIMASA over illegal...

Emergency rule extended in Borno, Yobe and Adamawa...

Group demands Dasuki’s immediate release from 2-year detention...

NIA, Awka Capital Development Authority brainstorm on Obiano’s...

 

Latest News 2019: Saraki to succeed President Buhari — Primate Ayodele Military set for final Operation to eradicate Boko Haram JOHESU Strike: Health workers accuse Adewole, Ngige of bias 18 years after, Supreme Court voids Mobil’s sack of 860 Nigerian staff *Orders immediate re-engagement, payment of outstanding salaries, allowances Senate rubbishes N10bn fraud allegation against Saraki, Dogara, Adeosun Zinox Boss bets on CashToken •Tasks banks, govt. to empower young techpreneurs Crude Oil Price Rises to $74, Highest in Four Years 2 varsity students remanded in prison custody for alleged murder Woman denied citizenship for refusing handshake Buhari’s comment on youths problem solving, says group Shema reacts to EFCC's new planned arraignment Bayelsa agog as University of Africa holds maiden matriculation ceremony

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (338,984 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (333,838 views) Shameless Genevieve Nnaji exposes breasts in public (267,147 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (219,556 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (201,707 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (197,598 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,400 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (154,790 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (146,727 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (138,437 views) Lagos plane crash: Journalist releases victims’ names (136,493 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,215 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,063) Business Verdict (40) Columnists (835) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (476) Features (568) Global Business Monitor (262) International (1,918) Interview (149) Live Commentary (28) Love Matters (116) News (34,620) Opinion (915) Pidgin (10) Politics (4,789) Religion (722) Sports (1,483) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement