President Muhammadu Buhari has sought Senate’s approval for reimbursement of N148.14billion to five different states for executing federal government owned projects in their domains.
Buhari in a letter of request forwarded to the Senate to that effect Tuesday, sought for promissory notes to the affected states which are; Bayelsa, Cross River, Ondo, Osun and Rivers states.
The letter entitled: ‘Request for Resolution of the National Assembly for Approval of the Reimbursement of N148.14 Billion through the Issuance of Promissory Notes to Bayelsa, Cross River, Ondo, Osun and Rivers State Governments for Federal Road Projects Executed by the States.’ reads: “The Senate may wish to be informed that the Federal Executive Council at its meeting of June 3, 2020, approved the reimbursement of N148.14 billion through the issuance of promissory notes to Bayelsa, Cross River, Ondo, Osun and Rivers states government for the federal road projects executed by the states.”
“The approval by FEC was subsequent to the recommendation by an inter-ministerial committee which reviewed the request for reimbursement made by the state governments for the projects.
“The committee reviewed the documents submitted and carried out fiscal inspection and verification of the projects in the respective states before making its recommendation to FEC.
“The summary of the amount approved for each of the five states is stated in the table below: Bayelsa, N38, 404, 564, 783.40; Cross Rivers, N18, 394, 732, 608.85; Ondo, N7, 822, 147, 577.8; Osun, N4, 567, 456, 673.63; Rivers, N78, 953, 67, 518.29.
“In view of the foregoing, I wish to request the Senate to kindly approve through its resolution, the request for the reimbursement of the total sum of N148, 141, 969, 161.24 through the issuance of promissory notes to the five aforementioned state governments for the federal road projects executed on behalf of the federal government as detailed in paragraph two above.”
