Governor Douye Diri of Bayelsa State declared on Wednesday that the categorisation of the state as insolvent also suggest that the Federal Government was bankrupt.

Diri spoke when he hosted a delegation from the Revenue Mobilisation Allocation and Fiscal Commission at the Government House, Yenagoa.

Last week, the chairman of RMAFC, Mr Elias Mbam, had grouped Bayelsa with the four states of Borno, Kebbi, Katsina and Taraba as states that had become insolvent.

But Diri contended that Bayelsa, as an oil and gas-producing state, could not be declared insolvent in isolation of Nigeria which had also been rendered bankrupt by the existing abnormalities in the country.

According to him, the time had come to change the revenue formula to reflect the principles of “true federalism which promotes equity and justice.”

The governor, who renewed his call on multinationals to relocate their headquarters to Bayelsa, said, “We cannot be doing things the same way and expect a different result. A state where a good percentage of the revenue that Nigeria shares (is generated), is said to be bankrupt. How does that happen in any normal society? It tells us that there is an abnormality in this country. Should Bayelsa be bankrupt, then Nigeria should also be declared bankrupt.”

https://www.nairapark.com/news/1599138114/nigeria-bankrupt-diri

Then,all of u should step aside...ASAP.

Very clearly understood

we never see anything

Ben Bruce said it a few years ago that Nigeria was broke but children of hate and perdition, children of broom waving witches and wizards in the APC abused him. Most of them are still in the country while their oppressors are quietly getting second and even third passports . The problem of bayelsa can most likely be traced to the kleptomania of Seriake Dickson (90%) but then again, Nigeria is very broke. Printing mine while chasing foreign investors away with crazy policies is enough to make any country broke.. next add the fact that local investors aren’t even encouraged while Govt officials steal every available money they come across then you’ll know that Buhari and his cabinet are the worst thing to ever happen to Nigeria.


Get away from this country while you can o

In a Federal Government, he has a very valid point. Sadly that is not so but it begs the question where did Nigeria get it wrong??

k