Fayose Seek approval for loan as he pardone 31 Civil Servant
Governor Ayodele fayose who has keep to be on dailies of late has reprieve the acclaimed 31 civil servant who he bite their head off when caught coming late to work.
this was just as the chief executive officer held a meeting with the worker in the state to discuss weather the state should take the bail out fund planned for states by the federal government.
he emphasize while speaking at the meeting on Wednesday that the fund will exasperate the debt profile of the state.
he explained further,"with the commitment the state already had, and just with the 9% interest rate on the fund, it will be burdensome to roll it over.
"they say they are restructuring 18.8 billion of our commercial loans and with 9% interest, by the time the money is repaid in twenty years, we would have paid an extra 36billion as an interest. that means, the 18 billion will have aggravate to 56 billion"
he sought for permission before he commit the state to taking loan which will be deducted from the state allocation.
fayose stated, on the nonchalant attitude put up by workers, he said there will be change in the altitude of people toward their work as the government pay their salary as at when due.
he also comment on the state of the state IGR, which he said must improve and said that people must be ready to pay rates, taxes, and levies if the civil servant are also.
this was just as the chief executive officer held a meeting with the worker in the state to discuss weather the state should take the bail out fund planned for states by the federal government.
he emphasize while speaking at the meeting on Wednesday that the fund will exasperate the debt profile of the state.
he explained further,"with the commitment the state already had, and just with the 9% interest rate on the fund, it will be burdensome to roll it over.
"they say they are restructuring 18.8 billion of our commercial loans and with 9% interest, by the time the money is repaid in twenty years, we would have paid an extra 36billion as an interest. that means, the 18 billion will have aggravate to 56 billion"
he sought for permission before he commit the state to taking loan which will be deducted from the state allocation.
fayose stated, on the nonchalant attitude put up by workers, he said there will be change in the altitude of people toward their work as the government pay their salary as at when due.
he also comment on the state of the state IGR, which he said must improve and said that people must be ready to pay rates, taxes, and levies if the civil servant are also.
a
meeting with workers in the state to discuss whether the state should
take the bail out funds being planned for states by the Federal
Government. - See more at:
http://www.vanguardngr.com/2015/09/fayose-pardons-31-civil-servants-holds-discussion-with-workers-on-bail-out-funds/#sthash.x61F0S7h.dpuf
a
meeting with workers in the state to discuss whether the state should
take the bail out funds being planned for states by the Federal
Government. - See more at:
http://www.vanguardngr.com/2015/09/fayose-pardons-31-civil-servants-holds-discussion-with-workers-on-bail-out-funds/#sthash.x61F0S7h.dpuf
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