Home / Uncategorized / Ekiti’s N3.9bn Paris Club Refund for Salary payment – Fayemi

Ekiti’s N3.9bn Paris Club Refund for Salary payment – Fayemi

Kayode Fayemi
Kayode Fayemi

Ekiti State Government on Thursday received N3.9 billion from the Federal Government as the last tranche of its Paris Club refund.

Governor Kayode Fayemi on Thursday disclosed that the state government had received N3.9 billion from the Federal Government as the last tranche of its Paris Club refund.

A statement by the Chief Press Secretary to the Governor, Yinka Oyebode, said the governor directed that the N3.9billion refund be applied to pay one month of outstanding arrears to state and local government workers, teachers and pensioners, in line with his promise to Ekiti

The immediate past administration of Ayodele Fayose had received a total N18.34 billion Paris Club refund in three tranches between December 2016 and December 2017, in addition to bailout funds, budget support funds and excess crude support, all totalling about N55 billion, but failed to utilise it on salary being owed workers and retirees.

The first tranche of the Paris Club refund totalling N8.87 billion was received in December 2016. The state also got N4.77 billion in July 2017 and another N4.7billion in December 2017.

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