Kemi Adeosun say No more bailout for states, says finance minister

The Federal Government on Thursday ruled out the possibility of providing bailout funds for state governments to meet their financial obligations, including the payment of salaries of workers, due to declining allocation from the Federation Account.

It insisted that rather than providing fresh funds for the states to run their operations, the state governments must restructure their finances in line with the current economic realities.

The Minister of Finance, Mrs. Kemi Adeosun, who stated these during an interview on Channels Television’s Sunrise Daily, noted that unlike in the past when state governments had a lot of allocation from the Federation Account, the drop in oil prices had made it imperative for the governors to reduce the cost of governance.

Why Buhari’s government lacks credible intelligence to rescue abducted Chibok girls – BBOG Campaigner

President Muhammadu Buhari has retraited his commitment to the rescue of the Chibok Schooll Girls abducted by the Boko Haram Terrorist.  But the Co-convener of the Bring Back Our Girls, BBOG, group, Aisha Yesufu, has accused the Federal Government of lacking credible intelligence in its effort to rescue the abducted girls.

While the Nigeria's Senate has summon the the service chiefs, House of Rep. want the Presidency to issue an ultimatum and deadline for the rescue of the kidnapped girls.