The Commissioner for Finance, Mr Mike Akpara, made this known on Tuesday during a press conference in Umuahia.
He said that the government had resolved to clear the arrears, and ensured that the advancement it recorded in other sectors of the economy would be sustained. Akpara said that the government would commence payment of the salary arrears owed workers of state-owned institutions of learning by “July or August”, with the hope of completing payments by the end of the year.
The commissioner said that the government had paid the salary arrears for April and May owed workers in ABSU. “As a matter of fact the past government owed Abia Polytechnic -33 months, College of Education Arochukwu -22 months, Abia state University -11months.“We also have ASUBEB and SEMB , the total amount being owed to them is over 4 Billion.”
He said that the previous administration began the process of requesting a loan from the Africa Development Bank and Islamic Development Bank .