We Did Not Receive Buhari’s Bailout Money – Mimiko

We Did Not Receive Buhari’s Bailout Money – Mimiko

By Vanguard on July 13, 2015
Olusegun Mimiko PDP APC
Ondo Governor Olusegun Mimiko speaks at the Meet The President event at Eko Hotel, Lagos on March 1, 2015 (Photo Credit: Foto Fashion/PVC)

Ondo State government weekend debunked insinuations that it received a bail-out from the Federal government to pay outstanding workers salaries. Instead the state government said that it only received N2.2 billion accrued to it from taxes, being part of June allocation from the Federation account.

The state government however put its monthly wage bill at N4 billion. Commissioner for Information, Kayode Akinmade and his Finance counterpart, Chief Yele Ogundipe said this at a joint briefing in Akure.

Ogundipe said that the bailout proposal presented to the President at a recent meeting by state governors was yet to bear fruit as modalities are still being worked out. The two Commissioners made the clarification following the controversies the said bail out is generating across the country and the agitations by workers.

Ogundipe said the governors recently met with President Muhamadu Buhari over the lingering issue of default in payment of salaries and other contractual obligation.

According to him One of the things that was decided on was that the Federal Government will find a way to bail out the states in terms of loan and the fund in the excess crude account could also be considered for sharing.

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