Oyo Government Receives 7.2 Billion Naira Paris Club Funds

Ajimobi Oyo State

Oyo Government Receives 7.2 Billion Naira Paris Club Funds

The Oyo State Government has confirmed that it received the sum of N7.2billion as its own share of the Paris Club over deductions funds due to the efforts of the State Governor, Abiola Ajimobi.

The government said that 60% of the funds collected has been added to the federal allocation to the state to pay salaries of workers for the months of August and September 2016.

The Oyo State Commissioner for Information, Culture, and Tourism, Mr. Toye Arulogun, disclosed this on Wednesday the 1st of February 2017. during a media briefing. Arulogun explained that the funds did not come out fortuitously but came out due to the doggedness, determination, and tenacity of Governor Ajimobi.

Arulogun also noted that the state government had announced in December 2016 and reiterated it early January 2017 that the state was excluded from the initial beneficiary states of Paris Club Over deduction funds but the governor reassured at different forums that he would work hard to ensure the state gets its own share.

 According to the statement by Arulogun:“The efforts of Governor Abiola Ajimobi have yielded fruitful results. We will all remember that Oyo State was initially excluded from the states that benefitted from the Paris Club over Deduction Funds. The Federal Government claimed that the previous administration had already collected the state’s share.

“The efforts of Governor Abiola Ajimobi have yielded fruitful results. We will all remember that Oyo State was initially excluded from the states that benefitted from the Paris Club over Deduction Funds. The Federal Government claimed that the previous administration had already collected the state’s share.

“However, Governor Ajimobi was not at peace with the development and swung into action to ensure that the state was included on the list. The governor, therefore, mandated the Ministry of Finance to reconcile accounts with the Federal Ministry of Finance, Abuja. The results of the reconciliation and the governor’s spirited efforts led to the payment of N7.2bn to Oyo State.

We have used 60% of the funds received to pay salaries as promised by the governor during the interfaith service of the Oyo State Government held on January 3, 2017. The Oyo State appreciates the cooperation of the Minister and Federal Ministry of Finance officials who facilitated the payment that has brought some degree of succor to workers in the state and will enable government deliver some more projects as dividends of democracy.”

READ  Ibadan-Kano Rail Line Project: FG Negotiating $6b Loan with China

Please leave a reply, You can use your FACEBOOK, TWITTER or GOOGLE ACCOUNT!

X