Governors Make U-Turn, Denies Receiving Buhari’s Bailout Funds

The Nigeria Governors’

Forum (NGF) has reversed itself, over the recent

‘bailout’ approved by President Muhammadu

Buhari, for the State Governors to clear their

workers’ salaries arrears.

NGF Chairman and Zamfara State’s Governor

Abdul Aziz Yari, Thursday after the Governors’

meeting in Abuja, Wednesday, explained that

over N700 Billion recently shared among the

states was dividends remitted by the Nigeria

Liquefied Natural Gas, (NLNG).

Governor Yari emphasized that it was significant

to sensitize and clarify with the mass media that

what Mr. President approved for States was

never a ‘bailout’.

Yari stressed that what was shared last time

was monies from NLNG and FAAC, noting that

the NGF members have maintained they were

not looking for bailout, rather, have been looking

for all “monies that are in the coffers of the

Federation most especially we are talking about

some of the monies that are hung around the

coffers of government to be brought together for

the purpose of sharing”.

It would be recalled the opposition PDP has

immediately after the approval of the ‘bailout’

late last month contested the source of the

money, claiming the availability of the liquidity

contradicted the ruling APC allegation of

inheriting empty treasury from the immediate

past administration.

While the APC submission aligned with the NGF

position, the PDP faulted it and insisted that the

money was sourced from the Federation

Account.