Ado-Ekiti- Reprieve came the way of 31 Civil Servants caught coming late to work on Monday, as Governor Ayo Fayose, Wednesday, asked them to return to work.

This was just as Governor Fayose held a meeting with workers in the state to discuss whether the state should take the bail out funds being planned for states by the Federal Government.

Speaking at the meeting in Ado-Ekiti on Wednesday, the governor who expressed concern about the bail out funds, said it would aggravate the debt profile of the state.

Fayose said, ” even with the 9 per cent interest on the fund, rolling it over with the debts and commitments the state already had would be too burdensome.

“They say they are restructuring N18.8 billion of our commercial loans and with the 9 per cent interest, by the time the money is repaid in 20 years, we would have paid an extra N36 billion as interest. That means the N18 billion would have become N56 billion.

Read more; http://www.blacksatino.com/2015/09/fayose-finally-pardons-31-civil.html

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