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    Governors converge in Abuja in search of solution to over N614bn bailout deductions, others

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    Nigerian governors have come together for the sixth Nigeria Governors Forum meeting/workshop at Abuja, the Federal Capital Territory. According to The Nation, one of the major issues to be discussed at the meeting borders on the deductions of the over N614 billion bail-out fund made available to the governors about two years ago. Recall that the federal government had said it would commence deducting the fund from September 2019.

    The government said the funds will be deducted from states’ monthly allocations. It is not, however, clear whether the deductions have started.

    However, it was disclosed that the state governors are asking that part of the funds be deducted from the money the federal government is owing them for federal projects they executed in their various states. The governors are also begging the federal government for an extension of time before deducting the money from their monthly allocations. Apart from the bailout funds deductions, the governors will also be discussing other issues which are of national importance

    Meanwhile, it is worthy of mention that some state governors were panicking over the federal government’s stance to start deducting the funds from their monthly federal allocations.

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