Tuesday, July 07, 2015

Buhari is indeed a man of destiny – APC hails President for bailout to states

The All Progressives Congress, APC, has commended President Muhammadu Buhari for offering a life line to long-suffering Nigerian workers with a multi-billion-naira package that will ensure that all arrears of salaries owed by states across the country are immediately paid, and also make it easier for the states to meet their monthly salary obligations.                                                                                        
The President also approved a debt relief programme that will help states restructure their commercial loans currently put at over N680 billion. The implication is that the life span of such loans will be extended, while reducing the states’ debt-servicing expenditures, thus leaving the states with enough resources – which otherwise would have been removed at source by the banks – to meet their monthly salary obligations, among others.
“History is repeating itself before our very eyes. Some 31 years ago, Buhari, then as a military head of state, also inherited a huge national rot similar to what has been bequeathed to it by the NPN government and had to approve 480 million Naira for the payment of arrears of workers’ salaries. Truly, the President is a man of destiny,” the party said.

2 comments :

  1. Let any governor who want to relocate into prison embezzle the money released to him by Buhari....

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  2. weldone Buhari but please see to this security issue

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