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FAAC crisis: Ebonyi to borrow to pay workers” salary

Ebonyi State government said yesterday that it would borrow from banks to pay July salary to workers following the stalemate of the meeting of the Federation Allocation Account Committee.

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Thestate’s Commissioner for Finance and Economic Development, Obinna Nwachukwu, said this at a briefing after the state executive council meeting.

The commissioner assured that the payment of salaries to workers as directed by the state governor was likely to commerce today or tomorrow.

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“So in other not to owe workers for this month, the council decided that it will borrow from banks to pay workers their July salary and the loan is expected to be paid back to the bank as soon as the allocation is released”, he said. 

 

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