Skip to main content

Pres Buhari releases N522bn to state governors for payment of salaries and pension

By


President Buhari has approved the release of N522 billion to all 36 state governors for the payment of salaries as well as pension. Read the press statement shared on his social media page below...
I have approved the disbursement of N522 billion to the State Governments, to enable them pay salary and pension arrears, and put money in the economy. We have stipulated that at least 50% of the funds should be dedicated to salaries and pensions, and we will audit disbursements to ensure compliance.
The Ministry of Finance is currently processing the first batch of N153 billion, which, I am told, will be released to 14 States. The Ministry will provide more details on how the funds will be disbursed and how we will monitor the utilization to ensure that Nigerians receive the full benefits from their State Governors. As I said in my Independence Day Speech, I firmly believe that this recession will not last. We should not allow our temporary problems to blind us from the corrective course this administration is charting for Nigeria. We know what our challenges are and we are working very hard to provide solutions that will last.

Comments

Post a Comment

Popular posts from this blog

Wizkid Sends Warning Message To Davido; “Just leave me in my own little world”

By
The battle of supremacy between Wizkid and Davido seems to have no end in sight. Another episode of their never ending beef started after  Davido  dedicated a section of the lyrics in Olamide’s latest single, Summer Body to  Wizkid . Davido made reference to his American citizenship as he threw shade at Wizkid. After the lyrics became public knowledge, the ‘Come Closer’ singer gave an epic response to the ‘Fall’ singer. Without waiting for a repsonse from Davido, Wizkid is back with another clear message to his singing colleague. He wrote, ‘Just leave me in my own little world and everything will be okay.’
Post a Comment
Read more

Real Madrid, Croatia Star Luka Modric Wins 2018 Ballon d'Or

By
Real Madrid midfielder Luka Modric was awarded the 2018 Ballon d'Or on Monday, becoming the first player not named Lionel Messi or Cristiano Ronaldo to earn the honor since 2007.  Modric, 33, beat out Ronaldo and Antoine Griezmann, respectively, for the illustrious prize. Both Ronaldo and Messi had won it five times apiece over a 10-year run, and all three men were named to France Football's 30-player shortlist in October. Messi's fifth-place finish is his worst since 2006 and it comes despite leading Barcelona to La Liga and Copa del Rey titles. The midfielder adds the award to his list of others accolades received this year, including UEFA Best Player, FIFA Best Men's Player and the Golden Ball at the World Cup. Modric helped Real Madrid win its third straight Champions League title earlier this year before taking Croatia to its first World Cup appearance. Croatia's captain scored two goals, had one assist and led the tournament in minutes played and mile
Post a Comment
Read more

Tonto Dikeh & her son, King Andre stepped out for his school’s old school themed end of year party (photos)

By
Nollywood Actress, Tonto Dikeh and her son King Andre stepped out looking colourful for an old school themed end of year party organised by King Andre’s school. Tonto shared the photos in a series of Instagram posts. The caption on one of her post reads: King Andre if you don’t marry Oyibo and give me ehn, I wouldn’t forgive you for making me so childish when you marry ooo!!! see photos below
Post a Comment
Read more