President Muhammadu Buhari on Tuesday, sought the National Assembly’s approval of the reimbursement of N148.14 billion through the issuance of promissory notes to five state governments for federal road projects they already executed.
The request by Buhari was contained in his letter to the President of the Senate, Ahmad Lawan, and read during plenary after the upper chamber’s resumption from its over two months vacation.
The states are Bayelsa, Cross River, Ondo, Osun and Rivers.
The letter is entitled “Request for Resolution of the National Assembly for Approval of the Reimbursement of N148.14 Billion Through the Issuance of Promissory Notes to Bayelsa, Cross River, Ondo, Osun and Rivers State Governments for Federal Road Projects Executed by the States.”
The letter reads: “The Senate may wish to be informed that the Federal Executive Council at its meeting of June 3, 2020, approved the reimbursement of N148.14 billion through the issuance of promissory notes to Bayelsa, Cross River, Ondo, Osun and Rivers states government for the federal road projects executed by the states.
“The approval by FEC was subsequent to the recommendation by an inter-ministerial committee which reviewed the request for reimbursement made by the state governments for the projects.
“The committee reviewed the documents submitted and carried out fiscal inspection and verification of the projects in the respective states before making its recommendation to FEC.
“The summary of the amount approved for each of the five states is stated in the table below.
“Bayelsa, N38, 404, 564, 783.40; Cross Rivers, N18, 394, 732, 608.85; Ondo, N7, 822, 147, 577.8; Osun, N4, 567, 456, 673.63; Rivers, N78, 953, 67, 518.29.
“In view of the foregoing, I wish to request the Senate to kindly approve through its resolution, the request for the reimbursement of the total sum of N148, 141, 969, 161.24 through the issuance of promissory notes to the five aforementioned state governments for the federal road projects executed on behalf of the Federal Government as detailed in paragraph two above.”
The letter further reads: The honorable minister of finance, budget and national planning shall provide any information that may be required by national assembly in its consideration of this request.
“While looking forward to the expeditious consideration and approval of the Senate, please accept Distinguished Senate President, the assurances of my highest consideration.”
