OPINION: THE SECOND BAILOUT OF THE STATE- Justifiable?


Recently, the Minister of Finance, Mrs Adeosun had a solidarity meeting with all states finance commissioners on the conditional proposal for second bailout.

This motive however is a signal indicating that we have a liberal president who does not sit comfortable in Aso Rock seeing the general populace suffering.

But with all sincerity, in reference to the consequence of the last financial state bailout from the federal government, I deem this second proposal a goofed mission that encourages laziness towards IGR and further wastefulness through misplaced priority of the state governors.

Imagine, if a state like GOMBE can be paying salary with silmultanoeus capital projects on ground, it is very shameful to IMO, EKITI, OYO, ONDO etc to be propagating unjustifiable excuses to owing about 5months salaries.

During last bailout, Ekiti as an instance got over 9billions Naira but went ahead to construct a flyover costs N5billions.

Realistically, we need to enact laws to curb wastefulness of the governors and their misplaced priority.

Giving out second bailout will encourage laziness in ability to think diversification especially into agriculture and how to increase their IGR

What is your own opinion?