Ebonyi bailout latest news
Here are the latest news updates on the Ebonyi State bailout:
Latest Update (March 2023): The Federal Government has approved a bailout package of N10 billion for Ebonyi State to settle outstanding salaries and pensions of its workers. This was announced by the Minister of Finance, Budget, and National Planning, Zainab Ahmed, during a meeting with the state governor, David Umahi.
Background: Ebonyi State has been facing financial challenges, including unpaid salaries and pensions, which have led to protests and industrial actions by workers. The state government had earlier requested a bailout from the Federal Government to address the issue.
Previous Updates:
- February 2023: The Ebonyi State Government announced that it had received a letter from the Federal Government indicating that a bailout package would be released to the state to settle outstanding salaries and pensions.
- January 2023: The state government had requested a bailout of N20 billion from the Federal Government to settle outstanding salaries and pensions of its workers.
- December 2022: The Nigeria Labour Congress (NLC) had threatened to embark on a nationwide strike if the Federal Government failed to release a bailout package to Ebonyi State to settle outstanding salaries and pensions.
Other Related News:
- Economic Challenges: Ebonyi State has been facing economic challenges, including a decline in revenue due to the COVID-19 pandemic and the recent flooding in the state, which has affected agricultural production and revenue.
- Infrastructure Development: The state government has been working on infrastructure development projects, including the construction of roads, bridges, and housing estates, which are expected to boost economic activities in the state.
Please note that the information provided is subject to change and may not be up-to-date. It is always recommended to verify information through reputable sources.