Pres Buhari releases N522bn to state governors for payment of salaries and pension


President Buhari has approved the release of N522 billion to all 36 state governors for the payment of salaries as well as pension. Read the press statement shared on his social media page below...
I have approved the disbursement of N522 billion to the State Governments, to enable them pay salary and pension arrears, and put money in the economy. We have stipulated that at least 50% of the funds should be dedicated to salaries and pensions, and we will audit disbursements to ensure compliance. The Ministry of Finance is currently processing the first batch of N153 billion, which, I am told, will be released to 14 States. The Ministry will provide more details on how the funds will be disbursed and how we will monitor the utilization to ensure that Nigerians receive the full benefits from their State Governors. As I said in my Independence Day Speech, I firmly believe that this recession will not last. We should not allow our temporary problems to blind us from the corrective course this administration is charting for Nigeria. We know what our challenges are and we are working very hard to provide solutions that will last.


Keep up with latest news by following : https://www.facebook.com/infinityprods


source : newsalert

Comments

Popular posts from this blog

Sponsored Post : Treat Arthritis, Joint pain, swelling of tendons.and more with Boscure and Boniac 2-In-1 Ultimate Bone Support (Call 08060812655)

Sponsored Post : Treat Ulcer now with Norland Gi vital (Call or Whatsapp 08039145272)

Sponsored Post : Norland Propolis Lecithin for sale (Call or Whatsapp 08039145272)