States are Judiciously Utilizing the FG Intervention Fund – Fayemi

Follow us on Social Media

Social sharing


The Governor of Ekiti State and Chairman of the Nigeria Governors’ Forum, Dr Kayode Fayemi, has said that the Federal Government intervention funds to states are being used judiciously; on critical challenges.

Fayemi was replying to widespread criticisms trailing the use of the FG’s intervention funds by states.

Speaking to State House Correspondents on Tuesday after a meeting with the President, Major Gen. Muhammadu Buhari (retd.), Fayemi affirmed that such funds have been applied to tackle critical challenges by the recipients.

He explained that “Governors are elected to tend to the affairs of their states, and protect their citizens in the best manner possible. You would recall that the bridge finance that we negotiated with the federal government was precisely that, to bridge the gap that was created by the repayment of the previous facilities, around bailouts, around budget support, and on excess crude support, which Mr President approved in 2017.

“The repayment of those loans had commenced because CBN wanted the money back. And because that would have left us with a very deep hole in virtually all the states, we then negotiated for these to address specific things in relation to workers welfare, in relation to infrastructure development, in relation to improving on the enabling environment for investments in our states, and these are the things that states are spending it on.

READ ALSO  Navigating the Naira's Journey: Predicting Volatility Against the US Dollar

“They are very specific, measurable and each state has outlined what this support would cover.”

Dr Fayemi explained that he was at the villa in his capacity as the Chairman of the NGF to brief the President on issues concerning the states as well as commend him for his efforts in stemming insecurity in the country.

He said, “Well, it’s customary, I mean, as chairman of the Nigerian Governors Forum, to always exchange notes with Mr President from time to time, especially in the yuletide season like this, I always find time to come and say hello to Mr President.

“But yes, there will always be issues to discuss between the sub nationals, and the president of the Federal Republic, to commend him for his efforts in trying to stem the tide of insecurity in our country, and to also deal with the economic challenges that we are confronted with.

“On our part as governors, we have had cause during the year to raise issues about insecurity in various domains. We have had cause to raise issues about economic challenges that the country is experiencing, we have had cause to raise other governance-related issues.

“And Mr President has responded to many of those issues, he has stepped in the bridge, he has assisted us as states, even most recently he has supported us with bridge finance, to address some of the economic difficulties that states are experiencing.

READ ALSO  Navigating the Naira's Journey: Predicting Volatility Against the US Dollar

“And it’s always appropriate to express our gratitude, even as we continue to raise concerns about aspects of our governance that we still want him to do more on.”

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About Joseph Adeoye 89 Articles
Joseph Adeoye is a budding writer with a penchant for satire and humour. He's currently a news correspondent/reporter at 9News Nigeria. Contact him via Twitter @D_KlassiqueOne or you can send him an email at joseph.adeoye.101@gmail.com.

Be the first to comment

Leave a Reply