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Kogi governor raises alarm over bailout funds

29 March 2016, 21:45

Kogi - Governor Yahaya Bello of Kogi State has dismissed insinuations that the state government has secured the N40 billion bailout fund from the Central Bank of Nigeria. 

The governor, who disclosed this in a statement yesterday by his Chief Press Secretary, Kingsley Fanwo, however, said his administration was making effort to secure the release of the fund and access every other measure that will ameliorate poverty among the people.

The statement read: “Kogi State has not secured bailout fund from the Central Bank as insinuated by some mischievous characters who lack the art of objective opposition and syllogistic positioning on issues that affect the state.

“It is spurious to say we have secured the bailout fund meant for the state from the Central Bank of Nigeria. As soon as we receive the fund, we will announce to the whole world as part of the policy of my administration to run a government that will be in touch with the people.”

Also read: Kogi bemoans withholding of bailout funds

“This is the time to bond together to subjugate and conquer our common challenges as a state. It is not the time to spread falsehood that could dampen our progress".

The governor, who also urged politicians to desist from “playing politics with the welfare of the people,” assured the workers of the state of his irrevocable commitment to improve their welfare and productivity, “It is not right to turn down the truth for political gains.

Bello, who also described as wanton falsehood, claims that the non-release of the fund is political, expressed confidence that the processes leading to the release would soon be over.

The bail-out fund has continued to generate serious discuss since other states as secured theirs; with the former governor of the state, Idris Wada accusing President Buhari of not releasing the fund for political reason during the last year November 21 governorship election.

Source: Vanguard

- News 24


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