The Nigerian governors’ forum is worried that more states may be unable to pay workers’ salaries if the revenue of the country continues to be on the decline.

Abdul’aziz Yari, governor of Zamfara and chairman of the forum, said this while briefing reporters on the resolutions of the forum at its meeting in Abuja late Wednesday.

TheCable reports that he said the forum discussed the economy and resolved to look for means to enhance states’ internally generated revenues as well to cut overhead cost, especially the salaries of political office holders.

Yari added that the forum also resolved to diversify the country’s economy from petroleum to agriculture and mining.

“The situation is no longer the same when we were asked to pay N18,000 minimum wage, when oil price was $126 per barrel and continued paying N18,000 minimum wage when the oil is $41 per barrel and the source of government expenditure is from oil, and we have not seen prospects in the oil industry in the near future,” he said.

“We are coming together in a roundtable with President Buhammadu Buhari and his team of ministers, technocrats, economic experts to see how we can tackle our situation.”

Yari said the governors had also resolved to hold a roundtable with all stakeholders to articulate a robust strategy to tackle the deplorable economic situation in the country.

On his part Abiola Ajimobi of Oyo state said there was no way the country could continue with a situation where expenditure is more than income.

He said very soon many states would be technically declared bankrupt, adding that there might be need for another bailout fund for states running on deficit every month.

“We are faced with a situation where we either have to reduce cost through salary reduction or downsize,” he said.

“All these we don’t want to do but prefer to have a roundtable with the president, ministers, economists to look for means of getting out of this problem.”

Ifeanyi Okowa of Delta state said the economic situation was worrisome as more states would reach a stage where they would be unable to pay salaries.

“I believe that [this] is the same situation with the federal government,”he said.

He said there was a need to look into the salaries of political office holders and other salaries.

“It is not a situation of being able to run government now. Most states are not able to pay salaries not to talk of capital projects.

“If we cannot fund capital development, then the rest of Nigerians are just shut out of government.

“Those of us in government, both politicians and civil servants, are possibly not more than five per cent of the entire population of Nigeria.

What will happen to the other 95 per cent? What happens to infrastructure? Can we talk about industry without infrastructure?”


Read more http://newswirengr.com/2015/11/19/we-are-needing-another-bailout-nigerian-governors-declare-bankruptcy/

Another bailout

Ok

I think it's high time

We hold all this bunch of confused governors to accountability

Bail out always?

Hian

speedyGonzales:
Buhari body odour, fix it!

Do you lack comprehension?

State governors need it not buhari

sarrki:


Do you lack comprehension?

State governors need it not buhari

Was it not his body odour that put all of us in this mess.

Guy, that man is cursed. During his first shot at presidency, Nigerians passed through hell.

During his second shot at presidency, Nigerians are dying in their numbers.

Buhari is the worst thing that has ever happened to this country.

;
Nigeria is really a comedy.

I have become tired of arguing and analyzing Nigerian issue. In fact I was doing it all the time until I stopped at a stage.

Why did I stop, I discovered that those arguing with me are either sentimental or nepotic.

My people let's change our system.

Either we restructure or we Divide. May b we can be better. Nigeria has no remedy.

Those who wait for hope are doing it out of ignorance.