₦airaland Forum

The Buhari Media Organisation says the fresh N656 billion bailout to 36 states confirms President Muhammadu Buhari is a caring leader.

A statement on Wednesday by the Chairman, Niyi Akinsiju, and Secretary, Cassidy Madueke, said the latest facility is the fourth in six years.

Each state will get N18.2 billion to help them meet financial obligations and budget support due for repayment.

The funds will be disbursed in six tranches over six months, with a 30-year tenor, and a 2-year moratorium at an interest rate of 9 percent.

BMO noted that the presidential gesture was unprecedented and commendable.

“Not even in the oil boom years of the People’s Democratic Party (PDP) did the country witness anything close to this”, the statement read.

It recalled that the first bailout was within the first few months of the Buhari administration when about 27 states could not pay salaries and pensions.

“Another was in 2016 while a third was disbursed in 2017 with President Buhari specifically insisting that Governors should prioritize payment of salaries,” it added.

BMO said the most recent shows Buhari “is so compassionate that he once asked some Governors how they sleep at night knowing that workers salaries had not been paid”.

The body advised Governors to use the N18.2 billion judiciously on projects and programmes that would be beneficial to the people.

Source:https://dailypost.ng/2021/11/24/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo/

These ones are still in illusion. Caring leader my anus!
If his economic policies were good they will not need the bail out.
This mistake Nigerians will never forget in a hurry.

Which Buhari. Is it the one that has brought hardship, sorrow and misery to our dear country? Garbage Shehu disguising as BMO to spew trash as usual

first of all,why are the states unable to pay salaries? after destroying the country`s economy with stupendous policies,you start giving them loan as a solution

Buhari & caring in the same sentence?


Thunder where are you? Come and fire BMO

This people sha want make Ndi PotoPoto people wail

Exactly that's why we should all support

Buhari and osinbanjo 3rd term

Insha Allah

BigSarah:
Exactly that's why we should all support

Buhari and osinbanjo 3rd term

Insha Allah

lol

Truth be told, while other past government has always denailed states such funds, this government has always shared to all the states the entitled funds.
Everyone must ensure their state government utilizes their own judiciously, rather than share malt and N400 or N500 to pregnant women like Abia

Food Don show for none performing governors.... Congratulations to otom and the rest

We should hold most of our governors responsible for the difficult times we are going through at times

Everyone in that organisation needs a BRAIN check.

You make the economy hard, now you're giving out loans...?? �

It's because APC states are more than PDP and he can't give some without giving others.

Indeed, a caring leader who has landed Nigeria into a long time debt.

Definition of foolishness...

Okay.

We don hear.

Lol .. Bailouts that will end up in individual pockets

God bless mr president.

Foolish people. The past government didn't do this because the economy was good and the states were not in crisis.

This government is just giving states loan that will be repaid by later generations. This is the yoke of bondage of debt
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Mumu man

Why won't he when he has destroyed the economy.

Sycophants
And some of this people call themselves youths

Eweeeyyyy!

I'm only counting how many days left before this signboard of a president vacates that seat

BMO the elder brother of BMC