PLATEAU State government said it has cleared three months backlog of salary arrears following the receipt of its second trench of salary bailout amounting to N5.2 billion from the federal government. State commissioner of finance, Tamwakat Weli, said in a press conference in Jos the state capital, that “The bailout was distributed between the state and Local government with N1.2billion for the LGAs and N4billion for the state government “. Weli said “Governor Lalong had also approved that the difference in the shortfall of May salaries and the November and December pension arrears be sourced and paid”.  She said the state had qualified to access the Federally Guaranteed Conditional Budget Support Loan of N14.1 billion which will be disbursed in three tranches, adding that “the money will be disbursed in three tranches of N1.3 billion for three consecutive months. “Thereafter, the balance will be disbursed over a period of nine months in equal amount of N1.1billion at the interest rate of 9percent for tenure of one year moratorium before payment begins “. The commissioner also said the present administration is determined to diversify the economy into mining and Agriculture which she described as just two of the many sectors. Plateau State has comparative advantage to seek partnership with the private sector, she added.

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