Home Business News Fayose Carpets FG, Says N2.1bn To Ekiti Is Legitimate Earning, Not Bailout

Fayose Carpets FG, Says N2.1bn To Ekiti Is Legitimate Earning, Not Bailout


Ekiti State Governor, Mr Ayodele Fayose, has replied that the N2.1 billion accruable to Ekiti State from the N413.7 billion ($2.1bn) from
Nigeria Liquefied Natural Gas (NLNG),  was a legitimate earning to the state and not bailout from the Federal Government as being erroneously claimed .
Fayose said the N2.1 billion the amount was part of the statutory earning due for Ekiti as a federating units in the country.
Speaking in Ado Ekiti on Tuesday, Fayose debunked insinuation that it was a form of bailout from the Federal Government to enable the state pay outstanding salaries and debts.
Fayose maintained that the position became imperative in view of the impression being created by some newspaper reports that listed the state among those that got bailout from the Federal Government and put the record straight.
The governor, clarified that the N2.1billion being expected could not pay the N2.6billion wage bill for June, assuring  workers in the state that he would strive to raise the balance to ensure June salary would be paid next week.
"For the N2.1 billion that is to be given to Ekiti, I want to make sure that I do not leave any gap. Our wage bill is about N2.6 billion.
I will find means to add to it to pay June salary within the next one week," he said.
Fayose, who said that his administration had not engaged in borrowing since it assumed office, assured that he would not renege on his determination to ensure the people lead meaningful lives.

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