Tertiary institutions in Kwara State have received the sum of N378,426,018.04 as allocation for the fourth quarter of 2017, as approved by the State Governor, Alhaji Abdulfatah Ahmed.
The State Commissioner for Finance, Alhaji Demola Banu, who made this disclosure in a statement on Wednesday, said that Governor Ahmed gave the approval yesterday and that the institutions have received the funds.
The beneficiary institutions according to Banu are College of Education, Ilorin; College of Education, Oro; College of Arabic and Islamic Legal Studies (CAILS), Ilorin, College of Education (Technical), Lafiagi, School of Nursing, Oke-Ode and School of Midwifery, Ilorin.
A breakdown of the payment to the institutions shows that College of Education, Ilorin received N134,333,338.48, College of Education, Oro got N101,215,435.20, College of Education (Technical), Lafiagi received N79,701,804.00, while College of Arabic and Islamic Legal Studies (CAILS), Ilorin received N43,843,496.09.
School of Nursing, Oke-Ode got N7,729,637.62 and School of Midwifery, Ilorin received N11,602,256.65.
The Finance Commissioner expressed confidence that the release of the funds would assist the management of the institutions to clear the salary arrears owed their workers.
He also recalled that the State Government had in August released the sum of N312million to the affected institutions as their third quarter subvention for the year.
The tertiary institutions had earlier in the year received a total of N204, 936, 393.62 from the State government as allocation for first and second quarters of 2017.
Banu assured that the State government would continue to support the institutions through regular provision of allocation to enable them meet their commitments.