Legal Nigeria

States owing banks N685billion – Osinbajo

Vice President, Professor Yemi Osinbajo had defended the bail-out fund policy of the Buhari administration for states owing salaries of civil servants.
Speaking at a ceremony in honour President Mihammadu Buhari’s Senior Special Assistant on Media, Malam Garba Shehu, Osinbajo said this was not the first time the Federal Government is taking such a step.
The Vice President explained that the bail out for states was promoted by the fact that the 36 states of the federation are owing commercial banks N685 billion which he said has negatively hindered them to settle most of their commitments in respect of salaries and other entitlements.
According to him, the Buhari administration operates under zero tolerance to corruption, noting that the era where looting public fund bring politicians together is over.
He said that the Federal Government will also pursue to a logical conclusion, the implementation of social welfare policy that will alleviate poverty and ensure that democratic dividends gets to the door step of the common man.
He commended Malam Garba Shehu for being consistent and dedicated in the profession of journalism, adding that Garba’s honesty, simplicity integrity have continued to endear him to people he has met and worked with.
-The Nation