President Muhammadu Buhari Tuesday, requested the Senate to approve N10.069 billion for Kogi state government as refund for money spent by the state government on federal roads in the state.
The president’s request, which was contained in a letter dated 10th October, 2019, was for the settlement of inherited local debts and contractual obligations of the federal government to the state for projects executed on behalf of the federal government.
The president in the letter said the money would be used by the state government to settle local debts it incurred as a result of the projects executed on behalf of the federal government.
Buhari said his request was based on the resolution passed by the 8th National Assembly
He noted that 24 out of 25 state governments had received the approval of the National Assembly for the settlement of claims on projects executed on behalf of the federal government since the 8th Senate passed the resolution.
He added that N10.069bn was the outstanding amount due to Kogi state government which is the only state yet to receive a refund.
The letter reads: “Based on my request for the resolution of the National Assembly approving the establishment of a promissory note programme and a bond issuance to settle inherited local debts and contractual obligations of the federal government, the 8th National Assembly passed resolutions approving the issuance of promissory notes to refund state governments for projects executed on behalf of the federal government.”
