Lagos - Some financial experts say the
state governments that benefited from the Federal Government’s bailout funds
have the obligation to pay their workers salaries.
The experts told the News Agency of Nigeria (NAN) on Tuesday
in Lagos that the indebtedness to workers was the moral burden that compelled
the federal government to intervene.
They spoke against the backdrop of allegations that some of
the state have refused to pay their workers with the fund.
Mr Titus Okurounmu, a former Central Bank of Nigeria (CBN)
Director, Research Department, said states that received the bailout funds
should pay the backlog of salaries they owed their workers.
Okurounmu added that the inability of any of the indebted
states to pay would have a negative effect on the economy.
According to him, the governments’ refusal to pay on time
could also erode the workers’ confidence in government.
The economist also said that another side effect of the poor
disbursement of funds could be depression among the affected workers.
Also read: Tambuwal orders payment of July salaries to Sokoto
Contributing, Mr Okeowo Oderinde, a former Chairman,
Institute of Chartered Accountants of Nigeria (ICAN), Ikeja District, said the
affected states should appreciate the federal government’s assistance by
meeting their workers salary needs.
Oderinde said that the states should endevour to pay on time
because of the legal and social contract between the various governments and
The accountant also urged the states to pay workers
outstanding salaries before auditing their workforce.
NAN reports that some states had embarked on staff audit
following their arguments that the fund was not enough to meet the workers’
NAN also recalls that President Muhammadu Buhari, had in
July directed the CBN to offer states loans that would enable them pay the
backlog of salaries owed workers.
The CBN, it would also be recalled packaged a Special
Intervention Fund ranging from N250 billion to N300 billion for 27 states with
The CBN facility is one of the three-pronged reliefs
designed by the Federal Government to help financially troubled states.
The other two are sharing of the 2.1 billion dollar (about
N414 billion) 2014 Income Tax/Education Tax and dividends paid into the
The dividends are through the Federal Inland Revenue Service
(FIRS) and the Nigerian Liquefied Natural Gas (NLNG) Ltd.
The decision on the N300 billion relief packages was agreed
at the end of last National Economic Council (NEC) meeting, chaired by Vice
President, Yemi Osinbajo in Abuja.