The Speaker of Kogi Home of Meeting, Mr Matthew Kolawole, mentioned on Thursday that the state authorities was utilizing N840 million month-to-month to service loans inherited from previous administrations within the state.
Kolawole revealed this in Lokoja at a media parley with members of the Correspondents’ Chapel of the Nigeria Union of Journalists (NUJ).
He mentioned that the quantity was sourced from the state’s allocation from the Federation Account.
In accordance with him, the Gov. Yahaya Bello’s administration inherited enormous money owed from loans obtained by earlier administrations within the state.
Kolawole mentioned the loans accrued through the tenure of Alhaji Idris Wada, when the quantity for servicing was about N700.
The speaker mentioned that the quantity elevated to N840 million with the loans obtained by the regime earlier than the current administration.
He defined that the debt servicing had adversely affected the fee of staff’ salaries and the general growth of the state.
Kolawole mentioned that Bello’s administration inherited 4 months’ wage arrears owed to state authorities staff, and 34 months arrears owed native authorities staff.
He maintained that whereas the rapid previous administration paid between 25 and 30 per cent of native authorities staff’ salaries, the present regime had been paying 65 per cent of the salaries.
“The governor is presently understanding plans to clear all excellent salaries owed to state authorities staff within the subsequent two months.
“It isn’t simple to run a state like Kogi with an enormous debt profile, and so Gov. Bello is doing his finest to uplift the residing normal of its inhabitants,” he mentioned
Kolawole mentioned that the state authorities would quickly create over 10, 000 job alternatives by means of the Omi Rice mission which might be inaugurated within the subsequent two months.
On his current reelection to signify the Kabba-Bunu State Constituency on the state Meeting, Kolawole mentioned he owed his victory to God Almighty and his constituents.