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Economy: We’re In Trouble –fayose - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Economy: We’re In Trouble –fayose (988 Views)

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Economy: We’re In Trouble –fayose by neolboy(op): 10:11am On Nov 02, 2015
From Wole Balogun, Ado Ekiti


EKITI State Governor, Mr. Ayodele Fayose, has raised the alarm that Nigeria is grinding to a halt with the current economic situation prevailing in the country.

In a statement by his Chief Press Secretary, Mr. Idowu Adelusi, in Ado- Ekiti, yesterday, the governor noted that the issue at stake was grievous and not what people should play political propaganda with.

He lamented the situation where funds that accrue to all the tiers of government were no longer enough to pay workers’ salaries.

“This month’s statutory allocation is the worst in the history of our state. We got a net allocation of N1.4 billion at state level while the salary of workers is N2.6 billion monthly. At the local government level, 16 council areas got a little over N1 billion, while the wage bill there is over N2 billion monthly.

“Payment of salaries at both state and local government levels is impossible with such allocations. And government still has some basic needs to meet. The other time I said the Federal Government should come to the open on the state of our national economy, some people frowned at it.

“Now, a national paper has quoted the president as saying that Nigeria is broke and that it might be difficult to pay ministers that will soon come on board. It is vital that the Federal Government tell Nigerians the blueprint it has for the economy. The issue at stake is beyond politics.

“If the trend continues, in the next few months, all the tiers of government may not even be able to pay a month salary to workers if three statutory allocations are combined,” the governor said.
Appealing to the workers in the state to bear with the government, he said a meeting of all stakeholders in the sharing of monthly allocation would soon hold to chart the way forward.

“We have been transparent as far as the revenue coming to the purse of the state is concerned. Since we came on board, labour leaders and heads of state agencies have always met where we disclose how much comes in and the people will decide how to spend it.

source:sunnewsonline.com/new/economy-were-in-trouble-fayose/

Re: Economy: We’re In Trouble –fayose by neolboy(op): 10:11am On Nov 02, 2015
fearless leader always on point
Re: Economy: We’re In Trouble –fayose by EternalTruths: 10:17am On Nov 02, 2015
The few sensible Yorubas

Jonathan = Goodluck

Buhari= Badluck grin
Re: Economy: We’re In Trouble –fayose by Horlufemi(m): 10:18am On Nov 02, 2015
EternalTruths:
The few sensible Yorubas
Jonathan = Goodluck
Buhari= Badluck grin
How did we get here.
Re: Economy: We’re In Trouble –fayose by SirVictory: 10:21am On Nov 02, 2015
True talk, the economic state of this country is getting outta hand
Re: Economy: We’re In Trouble –fayose by Beesluv: 10:27am On Nov 02, 2015
Horlufemi:
How did we get here.
Goodluck patiently drove us to bad luck I guess
Re: Economy: We’re In Trouble –fayose by EternalTruths: 10:29am On Nov 02, 2015
Horlufemi:
How did we get here.
Ethno religious sentiment against the people of old Eastern region cool
Re: Economy: We’re In Trouble –fayose by futmxconnectn(m): 10:38am On Nov 02, 2015
Instead of this talkative Fayose to think of how to move his state forward without federal allocation he is here lamenting about federal government allocation reduction...

You may not afford to pay workers' salary but you have money to construct a useless airpot that is not needed in ekiti state..
Re: Economy: We’re In Trouble –fayose by neolboy(op): 10:39am On Nov 02, 2015
Beesluv:
Goodluck patiently drove us to bad luck I guess
Not really, we hurriedly drove ourselves into wateva situations we found ourselves now
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