May be required to submit debt profile to FG

Worried by the inability of some states in the federation to meet their financial obligations, especially payment of workers’ salaries, even after receiving bailout funds, the federal government may be considering ordering states to publishtheir audited accounts and submit debt profile.


The move, if implemented, is to check financial profligacy and enhance discipline and transparency in the management of States’ finances.
Minister of finance, Mrs. KemiAdeosun gave the hint when she clarified that the debt repayments due to the states’ creditors will be fully paid notwithstanding the deferralfor the month of March.

http://nigerianpilot.com/states-publish-audited-accounts/

Who audits the account of state governments in Nigeria? Auditor General of most states are just there to rubber stamp the account, they dare not raise any query on how the governors are spending the states fund. No serious auditing is happening at state level.

Sometimes I wonder how a state like Bayelsa with population of less than a million can't pay salary. I doubt if the workforce is even up to 200,000. And with all those billions of Naira allocations.

Please we need foreign Auditors not those compromised Auditors.