Buhari's Bailout to States: Governors Stop Wasteful Spending.
Workers from across Nigeria have welcomed the news of the approval by
President Muhammadu Buhari of a special bailout package for the three
tiers of government to settle outstanding salary obligations.
Workers and other analysts have warned government officials, especially
state governors, against spending the money on frivolous things instead
of paying civil servants and public service employees.
Presidency sources had disclosed on Monday that Buhari had approved a
comprehensive relief package worth N713.7bn to pay federal workers and
bail out cash-strapped states, many of which had been unable to pay
their employees.
The package includes the sharing of
$1.6bn dividend and $500m tax by the Nigerian Liquefied Natural
Gas. Besides, the Central Bank of Nigeria is to set up a special
intervention fund that will offer between N250bn and N300bn as a soft
loan to the states to enable them pay the backlog of salaries.
The President also approved a debt relief programme proposed by the Debt Management Office, which would help the states to restructure their commercial loans with banks currently put at over N660bn to extend the life span of such loans and reduce the states’ debt servicing expenditures.
In Osun State, the Chairman of the state chapter of the Nigeria Union of Teachers, Mr. Wakeel Amudah, on Tuesday hailed Buhari for approving the bailout package. He said it's a good development.
He said any governor, who diverted the funds, should be sanctioned heavily by the President.
Amudah said, “We can only advise our governor and his colleagues to adhere religiously to the purpose for which the money is meant for. We have to drum it into their ears not to divert the funds.
“I will also suggest that the President should sanction any governor who diverts the fund for other uses. The money is meant for the payment of salaries of workers and it should be strictly used for that purpose.”
The Nigeria Voters’ Assembly also commended the President for bailing
out the states that were facing difficulties paying their workers’
salaries. In a statement signed by its President, Mashood Erubami, the
group described the gesture of the President as welcoming and
lifesaving.The President also approved a debt relief programme proposed by the Debt Management Office, which would help the states to restructure their commercial loans with banks currently put at over N660bn to extend the life span of such loans and reduce the states’ debt servicing expenditures.
In Osun State, the Chairman of the state chapter of the Nigeria Union of Teachers, Mr. Wakeel Amudah, on Tuesday hailed Buhari for approving the bailout package. He said it's a good development.
He said any governor, who diverted the funds, should be sanctioned heavily by the President.
Amudah said, “We can only advise our governor and his colleagues to adhere religiously to the purpose for which the money is meant for. We have to drum it into their ears not to divert the funds.
“I will also suggest that the President should sanction any governor who diverts the fund for other uses. The money is meant for the payment of salaries of workers and it should be strictly used for that purpose.”
- ALL DIS AWA TIFF TIFF GOVERNORS SHOULD START USING THEIR 4UKIN BRAINS FOR A CHANGE, AND STOP OWING WORKERS.
- UNDER JONATHAN DEY LIVED LIKE LORDS...MONKEY WORK BABOON CHOP.
- IF NA ME BE BUHARI..I NO GO BAIL NO SHIT OUT....SHITTY PEOPLE.
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