Mr. President meets Nigerian governors today, bailout for states on the card

 

President Muhammadu Buhari will today meet with Nigeria’s 36 state governors at the presidential villa, Abuja.

Mr. Buhari’s spokesperson, Femi Adesina, who confirmed the meeting said it would begin by 10am.

“Decisive parley. President Buhari meets governors of the 36 states this morning from 10 a.m. Bailout?We wait.,” Mr. Adesina tweeted.

The governors had earlier met last week and agreed to approach Mr. Buhari and ask for a bailout after saying most states are in a near economic collapse.

Chairman of the All Progressives Governors Forum, Rochas Okorocha, had while briefing journalists  after their meeting said most states are unable to pay salaries of civil servants because of dwindling revenue from the federation account.

The nation’s income has been dwindling since the price of oil crashed last year.

Even the monthly meeting of the Federation Account Allocation Committee, FAAC, where revenues that accrued to the nation is shared among the three times of government could not hold as scheduled last week.

Mr. Buhari himself had in his maiden meeting with State House correspondents on Monday said he inherited a heavy debt burden and a near empty treasury.