… Clears air on pensions, others
By Wole Balogun, Ado Ekiti

Ekiti State Governor, Mr Ayo Fayose, has disclosed that the state only got N9.6 billion out of the over N29 billion it applied for in the Federal Government’s bail-out funds for states.
The governor, who spoke on Monday in Ikogosi-Ekiti during the opening ceremony of a two-day retreat for commissioners, permanent secretaries and heads of agencies, also said out of the N5.6 billion applied for by the 16 local governments in the state, the Federal Government only approved N991 million. In a statement in Ado-Ekiti by his Chief Press Secretary, Idowu Adelusi, the governor made the clarification following insinuations that the state government did not want to pay pensions arrears and gratuities of retirees.
“You people know that I don’t hide anything from you when allocations come. We applied for N29 billion from the bail-out fund. It was to cover the August and September 2014 salary arrears left by the Fayemi government, leave bonus, pensions, gratuities and others. But for reasons we don’t know yet, only N9.6 billion was for salaries, leaving other issues. “The 16 local governments applied for N5.6 billion and we did all the necessary papers and presented them to the appropriate authorities, but only N991 million was approved.
We were later told by the Central Bank of Nigeria that about 14 states had similar problem with the small amount approved for local governments. We have nothing to hide and people should appeal to the FG to release the money in full. We know it is loan that we will repay with nine per cent interest,” he said. The governor also explained that the state had experienced a sharp decline in monthly allocations in recent time. “Last month we had a shortfall of N500 million and this month we have a shortfall of N600 million.


Source:http://www.sunnewsonline.com/bailout/ekiti-government

They have gotten Fayose

This man must be high on something 9.6 Billion is only. He said Ekiti was not indebted before why cry over a spilled milk

poorest state in nigeria-ekiti- and dier governor is living big..

Fayose my man always doing wat he knws hw to do best

I think say this efulefu say over buoyancy dey worry Ekiti, why the hell did he even apply for a cent

shey na Buhari fault? oga go siddown somewhere


in other news,order your football jerseys
https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/4

This clown has been forgotten. His 5 minutes of fame has evaporated. So his only plan to retake the airwaves has nothing to do with great projects he executed - but just complains of how he got only N9,600,000,000 free money

An avenue to crucify oshokomole is here.


Masturbating Machines food don land!



But need i remind anyone that the state is not heavily indebted as compared to oyo,edo and THE STATE OF OSUN.

Fayose don tire to dey commission ponmo?

Watching patiently

Thanks for the update !!!

byrron:



We applied for N29 billion from the bail-out fund. It was to cover the August and September 2014 salary arrears left by the Fayemi government, leave bonus, pensions, gratuities and others.

........................ Thanks any way !!!

byrron:


Sorry Sir, it is not an update rather it is an extract from the same article.
May be u made your first comment without bothering to read the article or you deliberately skipped that part.

sammyj:
........................ Thanks any way !!!

Good morning