Expectations by local government workers in Delta State that their average five months salary arrears will soon be paid as a result of the N14 billion naira bailout from the Federal Government which reached the State over a month ago, may have been dashed following feelers that the State Governor, Dr. Ifeanyi Okowa was perfecting arrangement to borrow fresh 10 billion naira from the stock market, after similar exercise at the beginning of his administration amid complaints that his predecessor plunged the state into huge debt.
Speculations had been rife that huge chunk of the State bailout allegedly suffered as a result of election Tribunal Judgments, even as Sahareporters claimed that 3billion naira was used to compromise the state governorship tribunal to favour Governor Okowa.
Despite setting up committees and endless promises of paying salary arrears of local government workers in the state, report of a plan by Governor Okowa to borrow fresh 10 billion suggests a deep financial crisis in the State. A source hinted Fresh Angle International that but for strong advice against it, Governor Okowa planned to pay State civil servants half month salary for October.
The Governor has continuously asked the local government councils to look inward for internally generated revenue to run the councils even though Local Government Chairmen in the State keep assuring their staff that the state government will release money from the bailout to clear the backlog of salaries.
Copyright: Fresh Angle International (www.freshangleng.com)
ISSN 2354 - 4104
Sponsored Ad
Our strategic editorial policy of promoting journalism, anchored on the tripod of originality, speed and efficiency, would be further enhanced with your financial support.
Your kind contribution, to our desire to become a big global brand, should be credited to our account:
Fresh Angle Nig. Ltd
ACCOUNT NUMBER: 0130931842.
BANK GTB.
×
![]()