ADVERTISEMENT

Ekiti Governor begs workers to report for work early

They say they are restructuring N18.8bn of our commercial loans and with the nine per cent interest, by the time the money is repaid in 20 years, we would have paid an extra N36bn as interest.

 

Punch Newspapers reports that while addressing other state issues, he said  “I am begging workers to get to work on time. If we are paying salaries on time, then civil servants must also reciprocate that by coming to work on time."

Fayose also talked about the state's debt profile saying “They say they are restructuring N18.8bn of our commercial loans and with the nine per cent interest, by the time the money is repaid in 20 years, we would have paid an extra N36bn as interest. That means the N18bn would have become N56bn."

Adding that “When allocation comes and they are deducted from source, do not say I did not tell you. I set up a technical committee to see to how we disburse monthly allocations coming to the state. The committee has members drawn from labour unions, tertiary institutions, among others. We do this to allow for transparency in the system."

ADVERTISEMENT

“I am addressing you on the issue so that before I commit the state to taking the loan, I have to get your permission. The main consequence of the bailout is that it is from same monthly allocation from the Federal Government that we will accommodate servicing the N25bn bond we inherited from the previous administration," he said.

Also, speaking on internally generated revenue, Fayose said “Also, people must be ready to pay rates, taxes and levies. If civil servants are paying taxes, others should pay as well. Our IGR must improve."

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Tinubu celebrates Onakoya's ingenuity to set new Guinness World chess record

Tinubu celebrates Onakoya's ingenuity to set new Guinness World chess record

Parents to donate organs of their baby who died after falling from hotel window

Parents to donate organs of their baby who died after falling from hotel window

French police detain man who threatened to bomb Iran consulate  in Paris

French police detain man who threatened to bomb Iran consulate in Paris

FCCPC begins fact-finding engagements in markets to crash food prices

FCCPC begins fact-finding engagements in markets to crash food prices

Gunmen kill 13 persons in fresh Plateau attack - Police

Gunmen kill 13 persons in fresh Plateau attack - Police

Aiyedatiwa, 15 other APC aspirants jostle for 171,922 votes at Ondo guber primary

Aiyedatiwa, 15 other APC aspirants jostle for 171,922 votes at Ondo guber primary

Tinubu wants South Korean company to establish production bases in Nigeria

Tinubu wants South Korean company to establish production bases in Nigeria

NCDC remains concerned as mysterious illness continues to spread in 3 northern states

NCDC remains concerned as mysterious illness continues to spread in 3 northern states

Only God gives power, Atiku resigned to fate in WhatsApp chat with supporters

Only God gives power, Atiku resigned to fate in WhatsApp chat with supporters

Pulse Sports

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

ADVERTISEMENT
ADVERTISEMENT