Paris Club; ODSG Confirm Receipt Of N6.5 Billion

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By; ODEYEMI SAMUEL, Akure.
The Ondo State Government has announced that it has received N6.5b as part payment of money owed  it by the Federal government on the excess deductions made from the state account on the Paris Club payment, just as the state Governor, Dr Olusegun Mimiko has ordered that  part  of  the fund should be used to offset workers salary.
In a statement issued by the state’s Commissioner for  Information, Mr Kayode Akinmade, the government said the N6.5b is from the about 185m dollars owed the state on the Paris Club deductions.
According to the statement, out of the N6.5b received, the state government will get N4.37b which represents 67.3 percent of the sum, while the Local Councils in the state will get N2.1b which represents 32.7 percent of the sum paid.
Following this development, the state Governor, Dr Mimiko has directed that 50 percent of the fund should be used to pay salaries while the balance would be expended on running the state.

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