The Ekiti State Governor, Ayodele
Fayose, has said the state got only
N9.6bn out of the over N29bn it applied
for in the Federal Government’s bailout
loan for states.
The governor, who could not ascribe any
reason for the shortfall, also said the 16
local governments in the state got N991m
out of the N5.6bn they applied for.
Fayose spoke on Monday in Ikogosi-Ekiti
during the opening ceremony of a two-
day retreat for commissioners,
permanent secretaries and heads of
agencies.
The governor, according to a statement
in Ado-Ekiti by his Chief Press Secretary,
Idowu Adelusi, said the clarification was
necessary due to insinuations that the
state government did not want to pay
pension arrears and gratuities of
retirees.
“You people know that I don’t hide
anything from you when allocations
come. We applied for N29bn from the
bailout fund. It is 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, the Federal
Government only approved N9.6bbn for
salaries, leaving other issues.
“The 16 local governments applied for
N5.6bn and we did all the necessary
papers and presented them to the
appropriate authorities, but only N991m
was approved. We were later told by the
Central Bank of Nigeria that about 14
states had a similar problem with the
small amount approved for local
governments.
We got N9.6bn out of N29bn bailout
request -Fayose
“I have since written to them to rectify
the situation and I hope they will do that
quickly. It is only the Federal
Government that can explain why they
only approved one item, salary, out of
the many items we presented to them on
the workers’ issue. We have nothing to
hide and people should appeal to the
Federal Government to release the
money in full. We know it is a 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
N500m, and this month, we have a
shortfall of N600m. The economy is
dwindling and in bad shape and the
Federal Government must do something
about it urgently,” he noted.



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That is disadvantages of opposition party.