Ondo govt confirms receipt of N7B
Ondo state government have confirmed the receipt of N7billion as its share of the second tranche of the Paric Club loan refund.
Rotimi Akeredolu
Recommended articles
The Chief Press Secretary to the Governor, Mr Segun Ajiboye, said in a statement in Akure on Thursday that 32.68 per cent of the sum would be allocated to local government councils while the state government would keep 67.32 percent as its share.
“It is also important to note that according to the agreement reached between the states of the federation and the Federal Ministry of Finance, 75 percent of the share received by the state is devoted to payment of salaries and pensions while 25 percent is devoted to capital projects.
“As a responsive government, the administration of Gov. , SAN, is committed to using the funds for the purposes they are meant to be used for.
ADVERTISEMENT
“The governor continues to seek the support of the workers and the people of the state in his desire to lay a solid foundation for a prosperous state,” Ajiboye added.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
NSCDC Commandant denies FB account, reveals account belongs to fraudster
NADECO calls for Tinubu's resignation amidst academic scandal
FG to reconstruct collapsed Enugu/Port Harcourt expressway bridge - Umahi
Minister of Women Affairs Kennedy-Ohanenye tests her children for drugs
FCTA crushes 470 motorcycles for illegal operations in Abuja
Africa needs to rejig its democracy - Ex-president Goodluck Jonathan
Remove all doubts, work for my victory - LP governorship candidate, Imo
WHO releases $16m to tackle cholera - WHO Director-General
Sub-Saharan Africa youth population represents opportunities for region - IMF
Pulse Sports
I still love guys - Super Falcons' Michelle Alozie reacts to lesbian rumour
Heartbreak for Nigeria as AFCON 2027 bid slips away to East African rivals
Victor Boniface or Harry Kane: Who has had the better Bundesliga start?
Steph Curry: NBA star lists Nigeria's Burna Boy and WizKid among favorite music artists
Controversy as Super Falcons' Michelle Alozie unveils her 'female lover'
AFCON 2027: Algeria hands Nigeria a major boost
ADVERTISEMENT
