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CASH CRUNCH: GOVERNORS MEET ON BAILOUT OPTION TODAY





Governors from across the states of the federation will meet in Abuja on Wednesday (today) to discuss how they can come out of the present economic crisis which has made many of them not to be able to pay workers’ salaries.

The meeting is to be chaired by the Chairman of the Nigeria Governors’ Forum, who is also the Governor of Zamfara State, Mr. Abdullaziz Yari.

Yari became the chairman of the Forum following the expiration of the tenure of its former Chairman who is also the former Governor of Rivers State, Mr. Rotimi Amaechi.

The meeting, which will be the first to be presided over by Yari since his emergence, will also discuss issues that have to do with federal allocation and the contentious Excess Crude Account

The Director General of the Forum, Mr. Asishana Okauru, who confirmed the agenda of the meeting, said that the chairman would also give a brief remark.

He said, “The agenda for the meeting include a briefing by the chairman, update on Federal Allocation and Fiscal Commission and Excess Crude Account, revenue enhanced scheme for states and brief from the secretariat.”

Some of the new governors have been lamenting that their predecessors left huge debt for them. Besides, the new governors also claimed that they met disgruntled workforce following the inability of the state governments to pay them their salaries as and when due.

Even some two-term governors are also lamenting because of the drop in oil revenue in the international market.

The case is made worse following daily stealing of thousands of barrels of oil from Nigeria by unidentified persons and the inability of the security agencies to stop the menace.

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