By Damilola Adeyemo
BALYESA –The Bayelsa State Government has said it has received it received N27.5bn out of the N38.4bn which the Federal Government announced as refund to the state for some executed federal road projects.
In a statement, Douye Diri, said: “the N27.5bn was, therefore, the discounted refund that accrued to the state government’s coffers instead of the N38.4bn”.
“A refund for infrastructure development from the Federal Government is N27, 512, 45,000, 42.14k.”
THE PUNCH gathered that Bayelsa was among five affected states the Federal Executive Council had in June 2020 approved a refund of N148bn which they spent on reconstruction of some federal roads in their jurisdictions.
The breakdown of the fund had indicated that Bayelsa would get N38.4bn; Rivers (N78.953bn); Cross River (N18.394bn); Ondo (N7.822bn) and Osun (N2.468bn).
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