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APC Governors Are Calling For “Total Overhaul” Of The Nigerian Economy, To Bail Out Broke States

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Lazy Nigerian Governors of states controlled by the All Progressives Congress, APC, have called for the total “overhaul” of the Nigerian economy in order to save the states of the federation from imminent collapse.

The governors made the call at the end of their meeting, which held on Tuesday at the Imo state governors lodge, Asokoro Abuja.

Addressing journalists at the end of the meeting which lasted for over five hours, chairman of the APC governors Forum, Rochas Olorocha of Imo state, said the governors are concerned and worried with the dwindling revenue of the states which has impacted negatively on the lives of the people.

“The matter has become so serious that urgent action must be taken for a bailout for the states,” he said.

Mr. Okorocha also said the governors reviewed the state of the economy and were therefore urging that “urgent steps should be taken and we are calling for a total overhaul of the system to block all the leakages in the nation’s economy”.

Meanwhile, Director-General of the Governors’ Forum, Mr. Asishana Okauru said 36 states governors will also be meeting was to brainstorm on possible solution to the several months of unpaid salaries in the technically bankrupt states among other issues, according to a statement issued yesterday by

The governors are said to be worried that if the situation in the affected states is allowed to linger, it may portend danger for the nation’s nascent democracy.

The states that are financially down, it was learnt, if left on their own may not be able to address some of the very serious problems confronting them.

The governors examined issues relating to the Federal Accounts Allocation Committee, FAAC, the Excess Crude Accounts ( ECA) and Revenue Enhancement Scheme as it affects state revenue flow for states, according to items listed on the agenda of today’s meeting. –

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