President Muhammadu Buhari has urged the Nigerian Senate to approve the sum of N16 billion as a refund to the Borno State government for federal road construction through the issuance of promissory notes. According to a letter addressed to the Senate President, Dr Ahmad Lawan, which was read on the floor of the Red Chamber, the refund was meant to pay for the construction of federal roads embarked upon by the state government.
The letter states that the Federal Executive Council had earlier approved the reimbursement of the sum of N3,084,769,393.63 to Borno State in February, as well as N6,601,769,470.99 for reimbursement to the Plateau State Government. The President requested that the Senate approve the issuance of promissory notes to both states.
The recent approval covered a reimbursement of N16,772,486,002.19 to the Borno State Government, based on the recommendation of a cabinet committee that reviewed documents submitted by the state and carried out physical inspection and verification of the projects executed by the state government.
In his letter, the President stated that the FEC’s approval was based on an appeal by the state and his directive to the Federal Ministry of Works and Housing to ensure the provision of sufficient funds for the completion of the Damboa/Chibok road, based on the current cost of completion of the project.
The President has, therefore, requested the Senate to approve the reimbursement of the sum of N16,772,486,002.19 through the issuance of promissory notes to Borno State Government in respect of the road projects executed by the State on behalf of the Federal Government.
This approval would provide a financial boost to Borno State, highlighting the government’s commitment to supporting the development of infrastructure across the country.
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