How We Spent Bailout Funds – Gaidam

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Yobe State Governor, Ibrahim Gaidam

Governor of Yobe state, Ibrahim Gaidam has revealed how his government spent the N10 billion bailout fund from the Federal Government.

According to a statement signed by the Director of Press Affairs to the Governor, Abdullahi Bego, N4.4 billion have been expended on various capital projects in the health, roads and agriculture sectors of the economy.

The following is the breakdown of how the N4.4 billion was utilized:

Payment of CV 8 & 9 for construction of Kanamma-Kafiya road by CGC amounted to N725, 804, 568.32.

Payment of CV No. 3 for the construction of Nguru-Machina road by RRC Ltd stood at N439.31 million.

Payment of CV No. 3 for construction of Yunusari-Yusufari road by the EEC Intl amounted to the sum of N370, 075, 100.03.

The payments of CV No 5 for the construction of Gadaka-Godowoli road by Rick Rock Construction Ltd gulped N467.76 million.

Payment of CV No. 3 for construction of Kafiya-Yunusari road by CGC N145, 038, 887.15.

Payment of CV No. 4 for the construction of Yunusari-Yusufari road project: N1, 042, 141, 987.70.

SDGs Counterpart Fund for the rehabilitation of Potiskum, Gashu’a and Gaidam General Hospitals: N600 million.






     

     

    Part payment for the supply and installation of additional equipment at the 200-Bed Capacity Hospital, Damaturu went for N150 million.

    Payment to Task Force on Irrigation Farming for the clearing of sites for take-off of special irrigation projects at N88.97 million.

    Payment of 30% advance for drilling of two boreholes at Irrigation Project sites totalling N11.13 million.

    The governor reassured citizens of the state that his administration will continue to use the ‘bailout funds’ to carry out projects that will impact meaningfully on the lives of the people.

     

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