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State Governors Demand Fresh Bailout from Buhari

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Naira - Investors King
  • State Governors Demand Fresh Bailout from Buhari

President Muhammadu Buhari on Tuesday lamented that despite the various interventions by the Federal Government, there were still complaints and agitations by workers over unpaid salaries and allowances by state governments.

He wondered how the unpaid workers had been managing to meet their needs.

Buhari made his position known while addressing a delegation of the Nigeria Governors’ Forum, led by the forum’s chairman, Abdulaziz Yari, when they visited him in the Presidential Villa, Abuja.

Yari had led Governor Emmanuel Udom of Akwa Ibom State, representing the South-South; Atiku Bagudu of Kebbi State, representing the North-West; Abdulfatah Ahmed of Kwara State, representing the North-Central; Deputy Governor of Ebonyi State, Dr. Eric Igwe, representing the South-East; Mohammed Abubakar of Bauchi State, representing the North-East; and Rotimi Akeredolu of Ondo State, representing the South-West, to a meeting with the President.

During the meeting the governors, through Yari, requested that the President ensure the release of the 50 per cent of the Paris Club loan refund so that the funds could be built into the 2018 budgets of the state governments.

The various interventions the current administration had extended to states included bailouts, Paris Club loan refund and budget support.

Some governors were alleged to have diverted part of the bailouts.

The President told the governors that the plight of workers in the states needed urgent attention as many could barely survive.

“How can anyone go to bed and sleep soundly when workers have not been paid their salaries for months.

“I actually wonder how the workers feed their families, pay their rents and even pay school fees of their children,” he said.

Buhari told the governors that two out of the three-pronged focus of the ruling All Progressives Congress to secure the country and fight corruption had received some commendable reviews by the people, noting that the challenge in payment of salaries in states had taken a toll on the people.

“God has been merciful in hearing the prayers of his servants; so, the rainy season has been good. You can ask the Kebbi State governor on this, and our enormous food importation bill has gone down,” he said.

Buhari said the Federal Government and governors would need to work together to ameliorate the situation of workers across the country.

The President said he had instructed all government agencies to comply with the Treasury Single Account in order to ensure more transparency and prudence in accounting for the revenues of the government and the sharing of entitlements with states.

The statement quoted Yari as saying the various interventions by the Federal Government, which include the bailouts, were judiciously utilised by the states.

He stressed that the governors inherited backlog of unpaid salaries and huge debt portfolios on assumption of office.

“We are concerned with the situation in our states, and we are trying our best to manage the resources,” he said.

Yari noted that the bailouts, and part of the fallout from the London-Paris Club refund that had been received by the states, were properly expended to alleviate the plight of workers, but more had to be done.

The NGF chairman commended the efforts of the President in improving the economy, assuring him that the states would continue working with the Federal Government to improve the livelihood of workers and all Nigerians.

Speaking to State House correspondents at the end of the meeting which lasted about two hours, Yari said the governors were in the Villa to thank the President for the previous bailouts as well as the Paris Club refund, which he said has helped them in meeting the obligations of their states.

He said, “We are here on behalf of the 36 state governors and this is a result of the collective decision to see the President after the National Economic Council meeting last month.

“Our mission here is simple. We are here to thank Mr. President for his concern about the state of the economy and for giving us several supports, ranging from bailout, restructuring our debts, Paris Club exit payment.

“We also told him that we think that it was because of his decision to grant us bailouts and pay the refund of the Paris Club loan that many Nigerians are criticising him; this is the reason why we got out of recession.”

The NGF chairman added, “We thank the President for that and at the same time, as a father, we said to him Mr. President, you remember that in 2016, we presented to you the numbers of Paris Club loan exit funds which we agreed, and you directed (that) we be paid 50 per cent and the remaining 50 per cent, upon reconciliation.

“Reconciliation has been on since 2016. We are hoping that both the Debt Management Office, Ministry of Finance, Attorney General of the Federation, and our consultants are concluding this reconciliation by November.

“So, we want to crave your indulgence so that we can factor the numbers into our 2018 budget, so that we can use it for projects and other recurrent spending according to the specification given by our respective Houses of Assembly; and that’s why we are here.

“Mr. President was prompt being that he has a representative in the National Economic Council; that is the Vice-President, and the Minister of Finance is away. We are going to work on the numbers when he (Buhari) returns from his trip. We are going to follow up this meeting with him so that we can conclude on what is going to be done next.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Iran Mourns: Helicopter Crash Claims Lives of President Raisi and Foreign Minister Amirabdollahian

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Ebrahim Raisi

A tragic helicopter crash has claimed the lives of President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian, sending shockwaves across the nation and plunging the country into mourning.

The fatal incident occurred in Iran’s East Azerbaijan province, where the helicopter carrying the two senior officials and several other passengers crashed, resulting in the loss of all on board.

The crash site, now a scene of charred wreckage, stands as a somber reminder of the untimely demise of these key figures in Iranian politics.

President Raisi, who assumed office in August 2021, was widely regarded for his commitment to serving the Iranian people and advancing the nation’s interests on the global stage.

His tenure as president was marked by efforts to strengthen Iran’s position in regional affairs and enhance diplomatic relations with neighboring countries.

Foreign Minister Amirabdollahian played a pivotal role in shaping Iran’s foreign policy, particularly in fostering closer ties with neighboring nations in the Middle East, including Arab countries across the Gulf.

His diplomatic acumen and dedication to advancing Iran’s interests earned him respect both domestically and internationally.

The news of their tragic deaths has elicited an outpouring of grief and condolences from leaders and citizens alike, both within Iran and abroad.

Malaysian Prime Minister Anwar Ibrahim expressed his deep sadness over the loss, highlighting President Raisi’s commitment to justice, peace, and the upliftment of the Muslim world.

Similarly, the European Union extended its sincere condolences to the families of President Raisi and Foreign Minister Amirabdollahian, acknowledging the profound impact of their untimely passing on the Iranian nation.

The helicopter crash not only robbed Iran of two of its most prominent leaders but also left a void in the country’s political landscape.

As the nation grapples with this immense loss, tributes pour in from all corners, commemorating the contributions of President Raisi and Foreign Minister Amirabdollahian to the advancement of Iran’s interests and the well-being of its people.

The legacy of these esteemed leaders will endure in the hearts and minds of Iranians, serving as a guiding light for future generations as they navigate the complexities of governance and diplomacy in an ever-changing world.

Iran mourns the loss of two of its finest sons, whose dedication and service will be remembered for years to come.

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DR Congo Thwarts Coup Attempt: Leader Killed, Several Arrested

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Vital Kamerhe

The Democratic Republic of Congo (DRC) found itself on the brink of chaos as an attempted coup unfolded in its capital, Kinshasa.

The government swiftly acted to quell the insurgency, resulting in the death of the coup leader and the arrest of several others involved.

The assault, which occurred on Sunday morning, sent shockwaves through the mineral-rich central African nation, already grappling with political instability and external pressures.

The target of the attack was the residence of Vital Kamerhe, a prominent political figure in Congo’s landscape and a candidate for the head of the National Assembly.

Led by Christian Malanga, the self-exiled leader of the New Zaire movement, the attackers descended upon Kinshasa in two groups, initiating their assault on Kamerhe’s residence.

Despite the initial skirmish that claimed the lives of two police officers, the attempted coup lacked the military support necessary to pose a significant threat to the government’s stability.

After the failed attempt to seize power, Malanga and his cohorts proceeded to the office of President Tshisekedi, where they brazenly defaced Congolese flags and hoisted the banner of the former Zaire.

However, their actions were swiftly met with resistance from the Republican Guard, resulting in a fatal confrontation that claimed the lives of multiple attackers, including Malanga himself.

The involvement of three American citizens among the assailants adds a layer of complexity to the unfolding situation.

While details surrounding their participation remain murky, the revelation has drawn the attention of both Congolese authorities and the U.S. government, signaling potential diplomatic ramifications.

Vital Kamerhe, the intended target of the coup, emerged unscathed from the ambush on his residence. However, his absence from public discourse following the incident leaves many questions unanswered regarding his stance and potential involvement in the foiled insurgency.

The failed coup underscores the fragile political landscape of the DRC, where power struggles and external interests converge amid the backdrop of immense mineral wealth.

As the nation navigates the aftermath of this brazen attempt to destabilize its government, concerns over internal cohesion and foreign intervention loom large on the horizon.

In the wake of the thwarted coup, Congolese authorities are expected to intensify efforts to maintain stability and root out any remnants of dissent.

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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Netanyahu

Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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