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Buhari, Govs, Resolve To End Financial Crisis

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The meeting between President Muhammadu Buhari and the state governors on Tuesday rose with a resolution to end the financial crisis being faced by some state governments.

This was disclosed to journalists by chairman of the Nigeria’s Governors Forum and Zamfara State Governor, Abdulazeez Yari.

Mr Yari said instead of bailouts, the governors requested for the refund of Federal Government projects they carried out in their states.

He said the governors also asked that the tax paid by the Nigeria Natural Liquefied Gas Company be paid into the Federation Account and be shared.
President Muhammadu Buhari, reiterated that the days of impunity, lack of accountability, and fiscal recklessness in the management of national resources are over in the country.

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The president stated that funds stolen by government officials who abused their offices in the recent past will be recovered and systemic leakages stopped.
“There are financial and administrative instructions in every government parastatal and agency. But all these were thrown to the dogs in the past. Honestly, our problems are great, but we will do our best to surmount them. The next three months may be hard, but billions of dollars can be recovered, and we will do our best,” the President told the governors.

The President promised special assistance for the three North Eastern states badly affected by the Boko Haram insurgency. He also said that a comprehensive statement on the economic and financial situation inherited by his administration will be made to the nation within the next four weeks.

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In attendance were governors of Rivers, Ogun, Imo, Gombe, Benue, Delta, Niger, Kano, Katsina, Zamfara, Kogi, Borno, Jigawa, Kebbi, Kwara, Taraba, Ekiti, Ondo, Kaduna, Oyo, Osun, Edo, Anambra, Sokoto, Ebonyi, Lagos, Adamawa, Cross Rivers, Akwa Ibom and Yobe States. Plateau and Bayelsa States were represented by their deputy governors.

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