₦airaland Forum

manie:
http://www.pmnewsnigeria.com/2015/07/07/fg-bailout-for-states-drawn-from-nlng-dividends-not-eca-presidency/


The Presidency has reacted to reports in the media that the federal government took money from the Excess Crude Account (ECA) to help ease the financial burden on states.
In a statement issued by Femi Adesina, special adviser to President Muhammadu Buhari on media and publicity, he said: “Reports in sections of the media today that funds will be drawn from the Excess Crude Account for the relief package approved by President Muhammadu Buhari for states and local governments, are incorrect.
“For the purpose of greater clarity on the matter, the measures approved by President Buhari to deal with the problem of unpaid public sector salaries in many states are as follows:
*The sharing of the $2.1 Billion dividend paid to the Federation Account by the Nigeria Liquefied Natural Gas Company (NLNG);
* A Central Bank-packaged special intervention fund that will offer financing to the states, ranging from N250 Billion to N300 Billion. This will be a soft loan available to states for the purposes of paying backlog of salaries; and
*A debt relief program designed by the Debt Management Office which will help states restructure their commercial loans currently put at over N660 Billion, and extend the life span of such loans while reducing their debt-servicing expenditures.
The statement further noted that: “The measures approved by President Buhari definitely do not include drawing down the remaining balance in the Excess Crude Account or the “liquidation” of the account as some media outlets have wrongly reported.
“No such decision has been taken or approved by President Buhari, and last week’s meeting of the National Economic Council clearly concluded that the Excess Crude Account should be left untouched at this time.”

JingoOAU:
I tot the money was gotten from the tax collected from CBN and NLNG....abi I don turn to Olodo or what

barcanista:
It is so sad that the so call N700billion lifeline will find their way to private pockets of Governors, party chieftains and their partners.

kliq:
PDP(Polithivescians Deceiving People)





Wailing Wailers

Every of ur comment, wailing wailers. E be like say the word dey sweet u. Let me give u another word, try "DULLANDINHO"

HIGHESTPOPORI:
PDP saved enough money for Buhari to work with

adebayo201:
whose report shall we believe

ayindejimmy:
If they did, how come they borrowed to pay April salary? Which govt is going to pay back all the debts the incurred?

drss:
Only a Daura magician like Buhari Dullard can approve withdrawal of bailout funds from Empty Treasury!! Magic made only in Daura. When will he use this Daura magic to make N1 equals to 1 dollar?

ShowYourCertificate:
The Peoples Democratic Party (PDP) has said the over N700 billion released from the nation’s coffers as bailout to states and local governments across the country was saved in the Excess Crude Account by President Goodluck Jonathan’s administration.

The party said it believe the money will go a long way in alleviating the sufferings of the Nigerian workers in various states of the federation who have not received their salaries for months but stressed that the money was accumulated by the PDP led federal government and handed over to President Muhammadu Buhari of the All Progressives Congress (APC).

A statement by PDP national publicity secretary, Chief Olisa Metuh, Tuesday, said the release of the funds was a contradiction of the earlier impression given by President Buhari to Nigerians and the international community that they should not expect much from his administration in its first one hundred days because upon assumption of office, he met virtually an empty treasury.

http://www.dailytrust.com.ng/daily/index.php/news-menu/news/59267-pdp-buhari-s-bailout-funds-saved-by-jonathan

ShowYourCertificate:
The Peoples Democratic Party (PDP) has said the over N700 billion released from the nation’s coffers as bailout to states and local governments across the country was saved in the Excess Crude Account by President Goodluck Jonathan’s administration.

The party said it believe the money will go a long way in alleviating the sufferings of the Nigerian workers in various states of the federation who have not received their salaries for months but stressed that the money was accumulated by the PDP led federal government and handed over to President Muhammadu Buhari of the All Progressives Congress (APC).

A statement by PDP national publicity secretary, Chief Olisa Metuh, Tuesday, said the release of the funds was a contradiction of the earlier impression given by President Buhari to Nigerians and the international community that they should not expect much from his administration in its first one hundred days because upon assumption of office, he met virtually an empty treasury.

http://www.dailytrust.com.ng/daily/index.php/news-menu/news/59267-pdp-buhari-s-bailout-funds-saved-by-jonathan

ezebunafo:
Yeye,didnt u people hear that the money in the excess crude account is still intact?the money is from NLNG

barcanista:
It is so sad that the so call N700billion lifeline will find their way to private pockets of Governors, party chieftains and their partners.

Chigold101:
well the Brainless one didnt think it like that.

Anyway governors know that GMB is very weak that iswhythey are all manipulating him.

philips70:
Including that of the PDP governors? Maybe you have Intel's Mama Peace is domiciled in government house waiting for her share now.

bigerboy200:
If Olisa Metuh can be this dull,I now understand why so many TANOIDS and GEJites are also dull.. The accountant general of the federation and the spokesperson of the president have come out clearly to state that the money shared was from NLNG income tax(following recent sales of natural gas), not from the excess crude account or pre existing fund in the treasury.. gooosh..dullards full PDP sha

globalresource:
Just IMAGINE. But Jonathan didn't bail them out then. Now they are trying to give Jonathan credit for what Buhari just did for them

God bless PMB for the fatherly role. Even if you are PDP, simply appreciate him for this kind gesture. haaabaaa



So what about the PDP states owning too? Some of these state owing staff are richer than Osun state. Let us assumed they have all misappropriate resources. Do you expect Buhari not to do something about the menace. cos of the shouting masses expecting alerts. If Buhari close his ears to the shouting masses, then a lot of people will count it as wickedness on his part. Such noises would even distract him and likewise slow him down

One thing I know is that He cant satisfy everybody especially TANoids. I do not belong to any party but I want this country to progress, and I will be quick to commend the government if it does something worth commending e.g what Buhari just did



Amen Bros. tnx

bakynes:
The Jonathan led PDP are all sick in the head. OBJ left 8-10 billion dollars in the ECA and now it's 2 billion dollars. What of the Foreign reserve account and Sovereign wealth fund. So what's with the APC should be grateful to them. People should stop blaming Aregbesola for God sake this man made a mistake of borrowing to fund projects the state would naturally wont be able to fund hoping as the Federal allocation comes in he will service the loans back bt unfortunately the oil price fell and the allocation drop significantly and the bank wants their money back.

ezebunafo:
Yeye,didnt u people hear that the money in the excess crude account is still intact?the money is from NLNG

barcanista:
Wetin concern Mama-P for this matter? She de give you orgasm?