Edo govt loans LGAs N850m to pay Dec salaries in lieu of FAAC receipt

The Edo State Government has said it has advanced local government areas in the state a loan to the tune of N850 million to clear salaries of council workers in the month of December in lieu of the release of Federation Accounts Allocation Committee (FAAC) allocations to the councils.

In a statement, Secretary to the State Government, Osarodion Ogie Esq., said: “due to its prudent management of public resources, the state had settled salaries and pension of state workers since December 14 from its Internally Generated Revenue (IGR). However, local governments in the state have been unable to pay December salaries and pension to workers and pensioners due to delay in the release of their FAAC allocation.”

He noted that the Edo State Governor, Mr. Godwin Obaseki, at an Executive Council (EXCO) on Wednesday, approved the release of N850m to the councils to enable them clear their salary obligations for the month of December.

According to him: “Recall that FAAC allocation is distributed between the Federal, State and Local Governments in the state after the monthly statutory FAAC meeting in the Federal Capital Territory (FCT), Abuja.

“However, since the virtual FAAC meeting of December 18, where N675.9bn was shared among the three tiers of government, local governments in the state have been unable to access their funds thereby putting them in dire straits.

“Realizing, however, that local government workers would be hard hit by the delay during the festive season, the Edo State Government decided to advance the 18 local councils in the state a bailout to enable them clear the salaries of their workers.”





*Edo govt loans LGAs N850m to pay Dec salaries in lieu of FAAC receipt*

The Edo State Government has said it has advanced local government areas in the state a loan to the tune of N850 million to clear salaries of council workers in the month of December in lieu of the release of Federation Accounts Allocation Committee (FAAC) allocations to the councils.

Due to its prudent management of public resources, the state had settled salaries and pension of state workers since December 14 from its Internally Generated Revenue (IGR). However, local governments in the state have been unable to pay December salaries and pension to workers and pensioners due to delay in the release of their FAAC allocation.

The government said the Edo State Governor, Mr. Godwin Obaseki, at an Executive Council (EXCO) on Wednesday approved the release of N850m to the councils to enable them clear their salary obligations for the month of December.

Recall that FAAC allocation is distributed between the Federal, State and Local Governments in the state after the monthly statutory FAAC meeting in the Federal Capital Territory (FCT), Abuja.

However, since the virtual FAAC meeting of December 18, where N675.9bn was shared among the three tiers of government, local governments in the state have been unable to access their funds thereby putting them in dire straits.

Realizing, however, that local government workers would be hard hit by the delay during the festive season, the Edo State Government decided to advance the 18 local councils in the state a bailout to enable them clear the salaries of their workers.

Osarodion Ogie Esq.

_Secretary to the State Government_

Wait oo! Where are all those vehemently seeking this man's head when he was contesting for Edo governorship election 2020?
How come they suddenly vanished into thin air?

Onyiiobi7735:
Wait oo! Where are all those vehemently seeking this man's head when he was contesting for Edo governorship election 2020?
How come they suddenly vanished into thin air?

Because you are one-way traffic

basty:

Because you are one-way traffic

Lol! And what is that supposed to mean?

Onyiiobi7735:

Lol! And what is that supposed to mean?

It means you have eyes but cannot see.

See small Edo state paying workers from IGR. Obaseki carry on my guy!

basty:


Because you are one-way traffic

If not that you are stupid,senseless, idiotic and foolish,you won't make such statement.
Your stupidity is plain for all to see.What warranted this insult from an slowpoke like you.
Please am not the cause of your frustration.
Compound-complex sentimental fool, please check your mental imbalance before you go totally overboard.

Onyiiobi7735:

If not that you are stupid,senseless, idiotic and foolish,you won't make such statement.
Your stupidity is plain for all to see.What warranted this insult from an slowpoke like you.
Please am not the cause of your frustration.
Compound-complex sentimental fool, please check your mental imbalance before you go totally overboard.

You have shown the person you are. May God heals you in Jesus name.

You asked a question and I answered you

basty:


Because you are one-way traffic

If not that you are stupid,senseless, idiotic and foolish,you won't make such statement.
Your stupidity is plain for all to see.What warranted this insult from an slowpoke like you.
Please am not the cause of your frustration.
Compound-complex sentimental fool, please check your mental imbalance before you go totally overboard.
Thank you.

basty:

You have shown the person you are. May God heals you in Jesus name.
You asked a question and I answered you

And you have equally shown the person you are. May that same God heal you in Jesus Name. Hypocrite.