State Governors have asked the Federal Government for a bailout, in the form of budget support.



Ebonyi state Governor, Dave Umahi, disclosed this to reporters on Thursday at the end of the National Economic Council (NEC) meeting presided over by Vice-President Yemi Osinbajo.


Umahi said the request is meant to assist Governors offset staff salary arrears.

The Governor also revealed that most of the Governors persuaded Finance Minister, Kemi Adoesun, to find ways of sustaining the provision of budget support to the states.

Umahi said such support is needed, “especially when the amount that accrues to the states from the federation account is less than N600 billion”.

“We came to the understanding that every month, if the total shareable revenue in the federation account is less than N600billion, the minister of finance will give each state budget support.


“We concluded that in the last 12 months and that continued for the second year. States have done very well; some states have been able to pay their accumulated salary debts and then also increased their commitment to infrastructure and generation of revenue.

“However, from July, that was not paid and in the month of August, I think about seven states were paid because according to the minister, other states did not comply with the set down rules, the most outstanding of that was the non-remittance of VAT from the states.

“So those seven states have been paid but more states have complied but we requested that those states that have complied should be paid.”

The request comes at a time the Economic and Financial Crimes Commission (EFCC) accused some Governors of mismanaging previous bailout funds.

http://naija-alive..com/2017/09/gov-demand-fresh-bailout-from-federal.html

Useless Governors!

Stupidity at its peak.

Now these thieves we have as leaders are back again.Bail out upon bail out yet no development or progress.No state IGR These crooks have all abuse this intervention but only Ekiti state is being tormented by the hypocritical EFCC.This is one of the reason why restructuring is absolutely imperative-you now cut you coat according to your cloak.

This is actually the worst class of government from President to Councillor that we have ever had , all masquerading under the cloak of change to deliver one of the poorest, most uninspiring , purposeless and insensitive governance known to mankind...They have collected two tranches of bailout but surprisingly didn't use it to even pay workers and now they demand the third again ..I feel sad every day when I remember that I was part of those that thrust such cluelessness on my fellow Nigerians when I ignorantly bought into the change mantra and put thumb to paper to endorse it at the polls.

Thieves. The only bailout they deserve is bail after they had been arrested.

[/b]"State Governors have asked the Federal Government for a bailout, in the form of budget support.
Ebonyi state Governor, Dave Umahi, disclosed this to reporters on Thursday at the end of the National Economic Council (NEC) meeting presided over by Vice-President Yemi Osinbajo.
Umahi said the request is meant to assist Governors offset staff salary arrears."[b] This man have become a disappointment in recent times.

Cyclical Feeding Bottle System of Nigeria....

Welcome on board....!!