onomefm:
At least, 28 States of the federation have received different sums from a total of N373.56 billion as part of the bailout package from the Central Bank of Nigeria (CBN) Salary Bailout Intervention Facility. The benefit from the facility spanned between August 2015 and January 2016. The disclosure was fallout of a paper presented by the Minister of Budget and National Planning, Udoma Udo Udoma at the just concluded two-day retreat of the National Economic Council, NEC held at the presidential villa, Abuja. Vanguard investigations revealed that some of the states included Kwara, Zamfara, Osun, Niger, Bauchi, Gombe, Abia, Adamawa, Ondo, and Kebbi.

Others were Ekiti, Imo, Ebonyi, Ogun, Plateau, Nassarawa, Sokoto, Edo and Oyo States. The paper titled ‘Strategic Implementation Plan for the 2016 Budget of Change’ also disclosed that government has restructured the bank loans of 23 states totaling N575.52 billion into 20 years Federal government of Nigeria, FGN, bonds.

Udoma added that the external reserves had also been reduced from $37.5 billion in June 2014 to $27.8 billion as at mid-March, 2016, stating that the Gross Domestic Product, GDP, was less than 5 percent compared to 17 percent in other emerging markets. He stated that the 2016 Budget which has more emphasis on social infrastructural development would rebound the economy. “Most of the policies, programmes and projects will need the support of state governments for effective implementation”, he said

Read more at: http://www.vanguardngr.com/2016/03/bailout-28-states-get-n373-billion-5-months-fg/

kettykin:


out of the 19 states mentioned only 2 states Abia and Ebonyi are PDP states the remaining states are APC States , it seems APC is the problem of Nigeria, APC brought Badluck to Nigeria

Dapyem:

Haba,open ur eyes now or have Ekiti n Gombe become APC states?
This is our major problem in dis country. Its not about parties but d politicians because they are same thing bit w follow dem gullibly. May God save us.

kettykin:


out of the 19 states mentioned only 2 states Abia and Ebonyi are PDP states the remaining states are APC States , it seems APC is the problem of Nigeria, APC brought Badluck to Nigeria

greatiyk4u:


U no see EKITI and ONDO there?.....you are one of the problems of Nigeria.

ExplorerReturns:
I thought that they said that they met an empty treasury that Jonathan left nothing? then why am I hearing about 37bn $ in our reserve?

greatiyk4u:


U no see EKITI and ONDO there?.....you are one of the problems of Nigeria.

kettykin:


out of the 19 states mentioned only 2 states Abia and Ebonyi are PDP states the remaining states are APC States

kettykin:

Even if you add ekiti and ondo, the rest of the bankruped states that are a burden to Nigeria, states that are insolvent and distressed financially are APC states

author=emamos post=44066518]

kettykin:
trying to save which face , we are telling you that APC states are insolvent and constitute more than 90% of the insolvent states in Nigeria, all the IDP camps are in APC states, all the insurgency , Genocidal attacks , crimes against humanity are all happening in APC states, APC states dont contribute anything to Nigeria , APC states are a liability to Nigeria.

rusher14:
Fayose!!

So your conscience would allow you receive bailouts?

Yet you go everywhere trying to lampoon your benefactor.

teadrake:
So,why is fayose ranting and almost Lynch PMB with his hate speeches when he benefited from the bailout himself?
How will you persist in ridiculing the person that want the best for the people in your state? Who does that please?

emamos:
including Oyo,ogun,osun n lagos state abi? It is well bro

kettykin:


lagos is shamelessly depending on Niger delta oil money to survive.

drss:
bailout dat has not made any difference. osun is as boke as a street rat. waste of money. dissolve d zoo make everybody go him papa house.

kettykin:


Osun state is insolvent, Oyo state is the heaven of ritualistic, Ogun state is living on grace of the compact and small size of Lagos even though it has room for great development and growth, Lagos it self is living in past Glory , if a state like Anambra has 10% of what the Federal Government invested in Lagos , Anambra would be like Dubai , Despite hosting all the bank Headquarters , all the oil and gas headquarters, all the telecommunication headquarters, all the deep sea ports in Nigeria , half of the federal parastatals and Government departments Lagos is still shamelessly depending on oil allocations from Niger Delta and can barely generate up to $1B per annum . if this is not a sign of low level development and insolvency then what really can we make of it, Lagos state did not witness any civil war, genocide, marginalization ,oppression, oil spillage , militancy, insurgency, deprivation etc yet lagos is shamelessly depending on Niger delta oil money to survive.