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LequteMan
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According to ex Presidential aide, Doyin Okupe, the country's problems will remain abated until President Muhammadu Buhari takes urgent action.
According to him, Nigerian state governments are responsible for the impoverished state of the nation.
"In recent times state Governors have unanimously approached the President for financial assistance for them to meet up with their obligations especially the payment of workers salaries. They came severally with caps in hand and have received assistance sought twice.
"It will be recalled that it was state governors and their governments that forced the hand of the former President to share and more or less plundered the savings in the Excess Crude Account.
"It is becoming clearer and more certain daily that unless a miracle happens many states will be unable to meet up with their financial obligations and may actually face imminent bankruptcy if the economic situation in the country worsens," he said.
"From time immemorial the economies of nations all over the world do go into recessions and more often not necessarily as a result of incompetence or lack of managerial capabilities of the administration that is in situ.
"What is different in Nigeria's situation, is that the federal government appears to be dealing with the situation from the point of Compassion," he said
"Economic situations are better approached from point of strategic policy options and fiscal management techniques rather than a 'father Xmas' disposition," he added.
Related: Doyin Okupe Calls on Nigerian State Govts to Begin Retrenchment of Workers
According to him, Nigerian state governments are responsible for the impoverished state of the nation.
"In recent times state Governors have unanimously approached the President for financial assistance for them to meet up with their obligations especially the payment of workers salaries. They came severally with caps in hand and have received assistance sought twice.
"It will be recalled that it was state governors and their governments that forced the hand of the former President to share and more or less plundered the savings in the Excess Crude Account.
"It is becoming clearer and more certain daily that unless a miracle happens many states will be unable to meet up with their financial obligations and may actually face imminent bankruptcy if the economic situation in the country worsens," he said.
"From time immemorial the economies of nations all over the world do go into recessions and more often not necessarily as a result of incompetence or lack of managerial capabilities of the administration that is in situ.
"What is different in Nigeria's situation, is that the federal government appears to be dealing with the situation from the point of Compassion," he said
"Economic situations are better approached from point of strategic policy options and fiscal management techniques rather than a 'father Xmas' disposition," he added.
Related: Doyin Okupe Calls on Nigerian State Govts to Begin Retrenchment of Workers
