jmaine:

This Okija juju dey convulse no be small . . . . Even though am not in support of this move . . .your bile is exceedingly repugnant and full of personal pain . . . Abi dem bin follow deport your disabled sibling . . . . bros . . . . Abeg go take one shepe dry gin for my head to take cool your mind . . . Na dialogue we dey do hia so . . .

Ileke-IdI:

I already informed your gov that he's missing one village ediot. Hopefully, you'd soon be sanctioned to Delta's mental inst. (hope you aint too rich to have one sha)

You're a burden to Ekitis in Ekiti and now also a burden in an Ekiti thread.

You guys sure try. In ku ise o.

You? Reason? Have you so soon forgotten which compound you came from?

Okija_juju:

So after you don use big grammer and curse tackle me, you think say na smilie and shcnapps go you save you!! Anyways! I don forgive you because after as you and Aigbofa escape for "physically" challenged eviction, no how "mentally" challenged can never miss una two,   

Na Stick  and carrot approach . . . dem dey call am . . . .

jmaine:

Na Stick and carrot approach . . . dem dey call am . . . .

27 states face bankruptcy
•Abia, A’Ibom, Anambra, Jigawa healthy
•Senators urge merger of states
From ADETUTU FOLASADE-KOYI, Abuja
Friday October 28, 2011


Photo: Sun News Publishing

    More Stories on This Section

From the Senate came the gloomy news yesterday that the financial accounts of 27 states are in the red as some of them have been declared either “distressed” or “gloomy.” Only Abia, Akwa Ibom, Anambra and Jigawa states were given a clean bill of health. The six states that are in financial distress are: Kano, Sokoto, Niger, Zamfara, Katsina and Osun.
Those deemed critical are [size=38pt]Ekiti[/size], Plateau, Benue, Edo, Borno, Adamawa, Cross River, Enugu, Taraba, Ogun, Kogi, Yobe, Ebonyi, Ondo and Kaduna.

In the unhealthy cadre are: Oyo, Bauchi, Bayelsa, Nasarawa, Gombe and Rivers while Imo, Kwara, Lagos, Kebbi and Delta were given the ‘tolerable’ tag. The data was sourced from the Nigerian Governors’ Forum (NGF) Labour Policy Report, 2011 as contained in a motion titled: Looming danger of bankruptcy in states: The need for fiscal evaluation, sponsored by Senator Olubunmi Adetunmbi (ACN, Ekiti North).

To forestall the looming catastrophe, the Senate advised the Federal Government to expeditiously review the revenue sharing formula in favour of states and local governments.   The Upper Legislative Chamber also directed its Committees on Finance, National Planning; States and Local Governments to study the situation and submit remedial measures to avoid total collapse of the economy of the affected states. Senator Adetunmbi had alerted the Senate of the “great fiscal challenge and looming danger of insolvency as well as bankruptcy facing the states as a result of growing wage-bill associated with the implementation of the minimum wage and other recurrent responsibilities of the states.

“A recent research by the NGF revealed that 20 states face the prospect of unstable and unfavourable financial standing, given the high percentage of their wage-bills to the total revenue accruable to them. Armed with the data, Adetunmbi noted that in most states, the private sector is weak and unable to generate economic growth and jobs that are required, thereby making the states and local governments the largest employers of labour with attendant fiscal imbalance.

“The bulk of the revenue of these states is currently financing payroll of the civil service which constitutes less than 4% of the total population in all states; if this trend continues, many of the states would become financially insolvent and increasingly handicapped to finance real sectors and drive economic growth, job and improved livelihoods,” he said.

He told the Senate that “most state governments now rush to the capital market to raise long-term bonds to finance development projects”, which if misused, would spell doom for their future and the financial quagmire of states.
Some of the state governments that have taken this route of funding between 2002 and 2011 are: Lagos (series 1-N50bn; series II-N57.5bn), Imo (N18.5bn); Kwara (N17bn); Niger (N6bn); Bayelsa (N50bn); Kaduna (N8.5bn); Ebonyi (N16.5bn); Ogun (N50bn); Delta (N5bn) in 2007); Kebbi (N3.5bn) in 2006; Lagos (N15bn) in 2002 and Yobe (N2.5bn) in 2002.

Adetunmbi called for urgency in the review of the revenue sharing structure among the federal states and local governments in view of the “financial quagmire” of affected states. Contributing, Senate Leader Victor Ndoma-Egba, canvassed a merger of states and slammed the practice of state governments going cap in hand to Abuja for revenue, adding that, “there is federalism more in name than in practice.”

Also, Chairman of the Niger Delta Committee, Senator James Manager, re-echoed the call for merger of states and asserted that “all the states are distressed. Something has to be done. So many states are not supposed to be states because they have nothing to offer, they are burdens on Nigeria. Those not viable should be merged with the viable ones, hence, the imperativeness of fiscal federalism.”

Minority Whip Ganiyu Solomon noted that the revenue formula is long overdue for review, adding that there was too much concentration of power at the centre. Corroborating Solomon, Senator Ahmed Lawan submitted that the states were not getting their own fair share of the revenue, stressing, “it is totally unfair that the Federal Government should continue to get 53 per cent; it is not justifiable”.

Senator Sola Adeyeye queried the rationale for having “a Federal Ministry of Agriculture when there are no federal farms; communication, aviation, industry and housing when all the properties have been sold to the private sector.”
Thereafter, senators canvassed a review of the sharing formula from the Federation Account to further enrich the states and local governments as well as compelling the Federal Government to transfer some of its responsibilities to the lower tiers of government.


http://sunnewsonline.com/webpages/features/newsonthehour/2011/oct/28/newsbreak-28-10-2011-001.html

Okija_juju:

So after you don use big grammer and curse tackle me, you think say na smilie and shcnapps go you save you!! Anyways! I don forgive you because after as you and Aigbofa escape for "physically" challenged eviction, no how "mentally" challenged can never miss una two,

Ileke-idi; Enjoy internet facility provided for you and your [size=28pt]Ekiti[/size] folks by Delta States oil money, When Delta state decides to revenge, I will personally employ you to be my secretary!!

No need to follow una dey argue, No be like say [size=28pt]Ekiti[/size] na issue sef for Nigerian politics.

jmaine:

It's okay sweetie  . . . . sorry for also going so hard on you    . . . . was just taken aback with the unprovoked attacked . . .it's alright . . .

Okija_juju:

 


I laff in Delta O!!     

I'm so close to buying up the whole of [size=28pt]Ekiti[/size],  My farming project is on the way!!

Ileke-IdI:

You went hard huh? Lol my hips has done it again
No prob.

Can it handle it . . .naughty lady . . .