Kwara shares n4bn loan to offset teachers lg workers salary arrears

According to reports, the Kwara State Government has released N4 billion loan to offset salary arrears owed to local government workers, including teachers.

The loan was reportedly taken from the Central Bank of Nigeria (CBN) to settle the outstanding salaries of local government workers, who have been waiting for several months to receive their pay.

The development is seen as a major relief to the affected workers, who have been struggling to make ends meet due to the delay in payment of their salaries. The loan is expected to help clear the outstanding arrears and ensure that the workers receive their salaries on time.

It's worth noting that the Kwara State Government has been facing financial challenges in recent times, which has led to delays in payment of salaries to local government workers. The loan from the CBN is seen as a temporary measure to address the issue and ensure that the workers receive their salaries.

Here are some key points about the development:

• The Kwara State Government has released N4 billion loan to offset salary arrears owed to local government workers, including teachers.
• The loan was taken from the Central Bank of Nigeria (CBN) to settle the outstanding salaries of local government workers.
• The development is seen as a major relief to the affected workers, who have been waiting for several months to receive their pay.
• The loan is expected to help clear the outstanding arrears and ensure that the workers receive their salaries on time.
• The Kwara State Government has been facing financial challenges in recent times, which has led to delays in payment of salaries to local government workers.

Overall, the release of the loan is a welcome development that is expected to bring relief to the affected workers and help stabilize the state's economy.