Okorocha acknowledges receipt of N12.6b Paris Fund

Earmarks N5b for pension

IMO State Governor, Rochas Okorocha, has confirmed that the state has received another batch of Paris Club Refund of N12.6 billion.

He disclosed that N5 billion out of the money has been mapped out for the payment of pensions, adding that “Imo is a healthy state”.

The governor also informed that although the state does not owe workers any outstanding salary, N9 billion will also be set aside for the payment of salaries.

He said that the state would now be paying salaries in advance.

According to him, “the government will source for fund to add to what remains of the Paris Club Fund after removing the pension money, to make-up the N9billion for the payment of salaries in advance”.

Okorocha made the disclosure, weekend, while swearing-in eight new commissioners at the Sam Mbakwe EXCO Chambers at the Government House Owerri.

He disclosed further that the October and November salaries would be paid at the same time, adding that N2 billion has already been set aside for that purpose.

The governor further stated that the “State Government would inject N20billion into the economy of the state”.