Maiduguri - Gov. Kashim Shettima of
Borno on Monday commended President Muhammadu Buhari’s financial discipline,
saying it would save many states from collapse in the face of the falling oil
price at the international market.
A statement by Malam Isa Gusau, the Special Adviser to the governor on
Communication, quoted Shettima as giving the commendation at a wedding
reception in the Government House, Kano.
The reception was in honour of Gov. Muhammad Abubakar of Jigawa’s daughter,
Amina, who got married to Lawan Dahiru Mangal at the Umar bn Khattab Mosque.
Shettima said: "The fall in price of crude oil to below 40 dollars per barrel
has threatened Nigeria’s main source of revenue.
"Government in the 36 states will have been in serious trouble if not for the
financial prudence of President Muhammadu Buhari.
"When the price of crude oil was over 100 dollars per barrel, Borno state was
receiving around N4.5 billion per month.
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"Today, oil price has grossly dropped to less than 40 dollars per barrel which
represents about 80 per cent fall in price.
"Crude oil is our main source of revenue as a country; so ordinarily, states
like Borno should have received 20 per cent of what we were receiving when oil
was over 100 dollars.
"This month, we received N2.6 billion at a time when oil is below 40 dollars;
this is more than 50 per cent of what we were receiving.
"Our salary wage is N2.6 billion but we still have to be grateful to Buhari
because if not for his financial discipline, all of us here would be in `soup’
"I am not here to play politics; I respect the fact that we are a mixture of
people with different political affiliations; our brother, the governor of
Gombe state is in PDP; so I am not playing politics.
"But, we have a responsibility to explain situations to the public so that
they understand the economic times we are in at the moment and Buhari has made
things tolerable in the face of the bad situation.’’
Shettima also commiserated with the government and people of Kano and Kebbi
states over the fire outbreak in two major markets in Kano and Birnin Kebbi,
The wedding reception was attended by the governors of Kano, Kebbi, Niger, Imo,
Katsina and Gombe states.