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Fayose Asks Ekiti People To Beg Federal Govt. To Pay The N29 Billion Bailout Fund He Requested In Full

By
Greenbarge Reporters
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Fayose of Ekiti

Ekiti State Governor, Ayo Fayose, has called on his people to join him in begging the federal government to pay the N29 Billion bailout fund he requested in full instead the N9.6 billion that had so far been released.

The governor, who spoke today in Ikogosi-Ekiti during the opening ceremony of a two-day retreat for commissioners, permanent secretaries and heads of agencies, said that out of the N5.6 billion applied for by the 16 local governments in the state, the federal government only approved N991 million.

“You people know that I don’t hide anything from you when allocations come. We applied for N29 billion from the bail-out fund. It is to cover the August and September 2014 salary arrears left by the Fayemi government, leave bonus, pensions, gratuities and others. But for reasons we don’t know yet, the federal government only approved N9.6 billion for salaries leaving other issues.

“The 16 local governments applied for N5.6 billion and we did all the necessary papers and presented them to the appropriate authorities, but only N991 million was approved. We were later told by the Central Bank of Nigeria that about 14 states had similar problem with the small amount approved for local governments.

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“I have since written to them to rectify the situation and I hope they will do that quickly. It is only the federal government that can explain why they only approved one item, salary, out of the many items we presented to them on the workers’ issue.

“We have nothing to hide and people should appeal to the federal government to release the money in full. We know it is a loan that we will repay with nine per cent interest.”

The governor said that the state had experienced a sharp decline in monthly allocations in recent time.

“Last month we had a shortfall of N500 million and this month we have a shortfall of N600 million. The economy is dwindling and in bad shape and the federal government must do something about it urgently.” [myad]