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N414bn: Our Share Is Legitimate, Not Bailout –Fayose

Emmanuel Ani, Ado Ekiti.

Governor Ayodele Fayose, yesterday said the N2.1 billion accruable to the state from the N413.7 billion ($2.1billion) from Nigeria Liquefied Natural Gas (NLNG) was legitimate earning to the state and not bailout from the Federal Government.

Fayose said the N2.1 billion which would be given to the state government from the payment “is a legitimate earning for Ekiti State as one of the federating units in the country”. The governor speaking at a media parley in Ado Ekiti, debunked insinuation that it was a form of bailout from the Federal Government to enable the state pay outstanding salaries and debts.

He said it was necessary to correct the erroneous impression created by some newspaper reports that listed the state among those that got bailout from the Federal Government and put the record straight.

The governor, who said the N2.1billion being expected could not pay the N2.6billion wage bill for June, however assured workers in the state that he would strive to raise the balance to ensure June salary would be paid next week.

“For the N2.1 billion that is to be given to Ekiti, I want to make sure that I do not leave any gap. Our wage bill is about N2.6 billion. I will find means to add to it to pay June salary within the next one week,” he said.

Fayose, who said that his administration had not engaged in borrowing since it assumed office, assured that he would not renege on his determination to ensure the people lead meaningful lives.

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