We’re Yet To Receive Bailout Promised By Buhari, Governors Cry Out

Date: 24-07-2015 6:07 am (8 years ago) | Author: Mister Jay Wonder
- at 24-07-2015 06:07 AM (8 years ago)
(m)

36 state governors cried out, yesterday, over the worsening economic condition in the country and the failure of the Federal Government to give them the bailout funds promised by President Muhammadu Buhari.

The governors at their meeting which started Wednesday night and ended in the early hours of yesterday, complained that the comprehensive relief package designed by the Federal Government to salvage the economic crisis of the states was yet to be given to them.
The governors also expressed concern over the exchange rate of the dollar to the naira as well as other foreign currencies which has affected the nation’s economy.

They have, therefore, resolved to meet the President again over the issue.
 12 of the 36 states of the federation were said to be owing their workers more than $550 million in salaries and allowances, with some workers not paid for 7 months.

Briefing journalists after the meeting, chairman of Nigeria Governors’ Forum, NGF and Governor of Zamfara State, Abdulaziz Yari, said that the Federal Government has not bailed out any state under the bailout arrangement  as publicised, stressing that what the state got so far was the monthly allocation  from the Federation Accounts, Allocation Committee, FAAC and the dividends from Nigeria Liquefied Natural Gas, NLNG.

Governor Yari said:
Quote
“This is also to inform our friends in the media that the Federal Government has not given any bailout to any of the states. What had been shared the last time was monies from NLNG and FAAC. As we have been saying, rather than look out for bailout, we have been looking for all monies that are in the coffers of the federation to be brought together for the purpose of sharing.
“The CBN governor raised some issues that taking the monies from those accounts, most especially as our reserves are going down, will affect the exchange rate and as well put pressure on the naira. So they decided to make the naira available or its equivalent so that these can be taken as loan for some of the states that are complaining about payment of salaries.
“The Federal Government has, however, not given out any bailout yet. But we have been deliberating on how best the intervention will be done quickly so that we will be able to settle the issue of salaries and other operations of government in the country.”


According to him, the resolutions reached at the meeting were:

To discuss with Mr. President to seek lasting solutions to the worsening macroeconomic challenges confronting the nation, especially on foreign exchange stability. The forum pledges to work with Mr. President to ensure coherent policy actions that will create a clear policy direction for the country and stimulate domestic production and to collaborate with the Federal Government to ensure that the National Health Act is operational and the on percent funding for primary health care is provided for in the budget.


For more scintillating and juicy stories, follow the official Naijapals accounts On Twitter - @Naijapals and Facebook - www.facebook.com/naijapals


Posted: at 24-07-2015 06:07 AM (8 years ago) | Addicted Hero
- beneno at 24-07-2015 06:25 AM (8 years ago)
(m)
oooooooooh
Posted: at 24-07-2015 06:25 AM (8 years ago) | Addicted Hero
Reply
- royalty2008 at 24-07-2015 09:54 AM (8 years ago)
(m)
Let them approach Mr ''Will"
I will kill them all...................
I will pay...
I will suck their blood...
I will make naira...
I will suffer.........
Posted: at 24-07-2015 09:54 AM (8 years ago) | Upcoming
Reply
- Mobbysmartins at 24-07-2015 10:10 AM (8 years ago)
(m)
we have been looking for all monies that are in the coffers of the federation to be brought together for the purpose of sharing.......imagine these thieves want to share all the money
Posted: at 24-07-2015 10:10 AM (8 years ago) | Gistmaniac
Reply
- edpete at 24-07-2015 10:20 AM (8 years ago)
(m)
Ok seen
Posted: at 24-07-2015 10:20 AM (8 years ago) | Upcoming
Reply
- echeeche at 24-07-2015 06:51 PM (8 years ago)
(m)
noted and seen
Posted: at 24-07-2015 06:51 PM (8 years ago) | Hero
Reply
- PoliticxGuru at 29-07-2015 09:42 PM (8 years ago)
(m)
wahala
Posted: at 29-07-2015 09:42 PM (8 years ago) | Hero
Reply
- elchymo at 11-08-2015 11:22 PM (8 years ago)
(m)
Don't worry just be patient ok? Roll Eyes
Posted: at 11-08-2015 11:22 PM (8 years ago) | Hero
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. Moment Atiku Abubakar And Nyesom Wike Snub Each Other At PDP National Caucus Meeting (VID)

  2. Video of Davido, Shallipopi Spraying Naira Notes Hits The Internet Amid EFCC Crackdown

  3. 10 Opponents Won So Far! Tunde Onakoya Moves to Break Guinness Record For Longest Chess Played

  4. President Tinubu Directs Inclusion Of National Open University Graduates In NYSC Scheme

  5. BEEF CRUSHED! Singer, Spyro Reaches Out to Portable, Requests Collaboration

  6. UPDATE; Court Grants Order That Mohbad's Wife, Wumi Be Serve Notice Of Son's Pending DNA Test

  7. Army Confirms Arrest Of Soldiers Over Alleged Involvement In Cable Theft At Dangote Refinery

  8. Court Grants Order Suspending Ganduje As APC National Chairman

  9. Kaduna Assembly Calls Out Bello El-Rufai For Allegedly Calling For A Fight Against Them

  10. 'Our Restraint To Provocation Not Sign Of Weakness' — EFCC Reacts As Ododo Helps Yahaya Bello


THIS WEEK
  1. Shock As Video of Woman $exually Abusing A Child Goes Viral; Lagos Authorities Seek Perpetrator

  2. Controversy Surrounds Former BBNaija HM, Ka3na Jones After Ritual Video With Gospel Music

  3. Tears Flow As Beautiful Lady Dies After Alleged Poisoning At Shop Opening Party (Video)

  4. Body of Makeup Artiste, Abigail Frederick, Who D!ed in Boat Mishap With Jnr Pope Exhumed

  5. Brutal Child Abuse Incident Captured On Video Prompts Nationwide Outcry (Watch With Caution)

  6. The Real Reason Tinubu Government Went After Bobrisky - Reno Omokri Drops Bombshell

  7. U.S-Based Model's Accidental Post Of Her With Davido In A 'Cozy" Mood Sparks Rumors(Photos)

  8. 18-Yr-Old Usman Umar To Be Arrested For Fatal Stabbing Of Friend, Usman Abubakar In Adamawa

  9. Repentant Boko Haram Member Enlisted Into Nigerian Army Slits Woman’s Throat In Enugu Barracks

  10. Edo Police Commissioner Orders Trial Of Officer Threatening Civilians With AK-47 In Viral Video


TOP MEMBERS: