Saturday, 23 April 2016

Senator Ben Bruce warns FG on the dangers of 2nd phase of states bailout plans

It is on news that the Federal Government is planning the second phase of bailout for the sates that are in critical financial crises.The Senator representing Bayelsa Central Senatorial district warns the government on the dangers involved in going into this second phase of bailout since the states are not generating revenue.He also advised the government to cut their court according to their size.Read what he wrote,

"If FG keeps bailing states and FG is itself taking loans to fund the 2016 budget, what happens to Nigeria when FG can no longer bail out states? We are squandering all cash in sight. For the second time, FG is bailing out states. The states themselves are not generating revenue. The FG itself is broke. Isn't it time we restructure Nigeria? The entire governmental structure of Nigeria is living on debt, from FG, to states, to LGAs. Yet we show no interest in reforming our locust govt structure! Is it until we become a beggar nation that we will cut our coat according to our cloth?"

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