Governors can’t account for funds obtained from FAAC – NLC 

PDP governors

The Nigeria Labour Congress (NLC) has mentioned nearly all governors in Nigeria can’t account for the monies collected from the federation account and the Internally Generated Income.

The congress additionally described as “excessive selfishness and insensate cruelty” for the governors to make such prescription as the one possibility for financial restoration.

“The governors, amongst different issues, had proposed the elimination of PMS subsidy/under-recovery, estimated at N6-7 trillion, early retirement of civil servants from age 50 and above, the implementation of the reviewed Oronsaye Report, placing an finish to financing authorities’s budgetary expenditures, changing its N 19 trillion debt right into a 1OO-year bond, placing a remaining cease to PMS subsidy, eliminating NNPCs federation-funded initiatives, capping Social Funding Programme (SIP) and Nationwide Poverty  Discount with Development Technique budgets at N200 billion, eliminating extra-constitutional deductions from FAAC and lowering Nationwide Meeting constituency initiatives, and so on.”

Talking on the event in a letter the Nigeria Labour Congress (NLC) urged   President Muhammadu Buhari to be ‘powerful’ and go after those that took public funds.

The letter, which addressed by Chief of Workers to the president, Ambassador Ibrahim Gambari and signed by president of the congress, Comrade Ayuba Wabba, mentioned it shouldn’t be too tough as it’s a selection between good and evil.

On the allegation that governors can’t account for the monies collected from the federation account, the union mentioned: “Talking on to the problem of elimination of gas subsidy, we discover it unrealistic, insensitive and hypocritical.

“It’s on file that governors have all the time been in opposition to the tradition of saving for the wet day. Despite this tradition of recklessness predating your administration, few of them don’t have anything to indicate for all of the moneys they’ve collected. If there’s little or nothing to indicate for the principal sums or revenues collected through the years, what assurance do we have now that the extra sum on high of the principal, popularly referred to as subsidy (most of which is shrouded in thriller and crime anyway) might be put to efficient use?”

Leave a Comment

%d bloggers like this: