union’s South-West Chairman, Mr Tokunbo Korodo,

Korodo urges FG to stop giving bailout funds to state governments

Lagos –  The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) on Saturday advised the Federal Government against the issuance of bailout funds to state governments for the payment of workers’ salaries.
The union’s South-West Chairman, Mr Tokunbo Korodo, gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos.
NAN reports that the disbursement of bailout funds to the states was necessitated by the prevailing economic challenges which resulted in the non-payment of workers’ salaries by many states across the federation.
NAN further reports that in 2015, the state governments received N713.7billion as bailout funds from the federal government, to defray the backlog of salaries.
Korodo urged the state governments with huge salary arrears to look inwards and find new ways to generate revenue, without waiting for monthly allocations from the federation account.
He regretted that most state governments in the country had too many aides that were a big drain on their resources and advised them to downsize, to save costs.
“Most of the Governors have about 20 Commissioners and over 42 Special Advisers, besides another large number of associates from which they have appointed the heads of various boards and agencies in the state.
“Governors from the 27 state governments that cannot pay the monthly salaries of their workers should look inwards to find new ways of making money to settle their wage bills.
Korodu suggested the revitalization of agriculture as a credible alternative to the current over-dependence of such states on revenues from the federation account.
He also advised such governors to block all existing leakages in revenue generation in their states. (NAN)

Related Story:  CAN, Muslim council condemn Adamawa killings
Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838
https://twitter.com/sundiatapost/

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
ACCREDITED MEMBER
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate