WHAT NO ONE IS SEEING… (AFTER THE ISSUED BAIL OUT TO THE STATES, WHAT NEXT?)
It saddens my heart when workers in various states across the country could not get their expected income as at when due, some other states went as far as not paying for months which made the labour force to carry out strike action as some are still on it despite the bail out.. It is not a thing to boast about that of the 36 states in Nigeria only four states are solvent and debt free..
Now the Federal Government saw the pains and heard the cries of the suffering masses and decided to provide the various states with bail out fund to rescue them only to pay back after twenty years with an added interest of 9% which is a laudable effort coming from the Federal Government but what people are not looking at is this “what will happen to the various states after spending the bail out fund?” After spending the bail out fund on salaries of workers and other expenses and the fund dries up, all of the states will go back into debt as most states depend on allocations from the Federal with little or no source of internal revenue whatsoever apart from some few privileged states, it is high time the Federal government let each states source for it fund from within rather than depend on “oil money”. If states like Lagos can exist without really relying on federal allocation then other states can. But we cannot compare other states with Lagos as it is “the center of excellence” and the economic hub of Nigeria but if a state like Anambra can be debt free then it is high time for the “debt filled” states in Nigeria to look within..
My Question remains “AFTER SPENDING THE ISSUED BAIL OUT TO THE STATES, WHAT NEXT?”
From A Concerned Nigeria

cc seun, lalasticlala, ishilove