reimbursement of N23.7 billion being owed the state on outstanding certified expenditure in respect of rehabilitation of federal roads in the state.
Gov. Ugwuanyi had, while addressing members of the committee informed them that the state government, following its interventions on federal roads in the state, was invited by the National Ad hoc Committee on Promissory Note Programme and Bond Issuance, on June 4, 2018, to settle the inherited local debts and contractual obligations.
He added the national ad hoc committee had explained that only the sum of N13,563,954,759.44 was as yet approved for reimbursement to the state by the Federal Ministry of Finance, disclosing further that “out of the above sum, the state has received the sum of N12,204,991,518.46”. While maintaining that the interventions by the state government complied substantially with the conditions for rehabilitation of federal roads “including awarding these projects in accordance with the Federal Government specifications through the Federal Ministry of Works”, the governor reemphasized the value the sum would add to the lives of the people of the state “in this austere time, if reimbursed”.
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