Ekiti State governor, Mr Ayodele Fayose, has attributed the poor financial condition of the state and his inability to pay workers’ salaries to the huge debt profile inherited from the immediate past administration.
The governor while reacting to the no-shift- ground stance of the striking workers,said about N1.2 billion is being deducted from the state’s monthly allocation to service the N25 billion bonds from the capital market and N31 billion commercial loans taken by Kayode Fayemi administration.
In a statement by Chief Press Secretary, Mr Idowu Adelusi, in Ado-Ekiti yesterday, Fayose who accused All Progressives Congress (APC) of gingering the labour to remain adamant on the issue of the strike posited that if the N1.2 billion being deducted is added to the state’s monthly allocations he will not owe workers.
He explained that he could no longer pay salaries regularly after the expiration of the nine months moratorium granted him by the creditor commercial banks coupled with the monthly deduction of N1.2 billion and dwindling monthly allocations, as three months allocations became grossly insufficient to pay a month salary, subventions and other services.
The governor who claimed that labour strike had been politicised because of his criticism of the federal government also alleged that the state monthly internally generated revenue which stands at N350 was inflated to N700m under Fayemi’s administration.