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    Premium Times: LNG Money Not Bailout — Fayose (Nigeria)

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Summary

A Nigerian state governor, Ayodele Fayose, has defended the use of dividend money from NLNG to pay workers, saying it was not a bailout

by: Erica Mills

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Press Notes, Africa

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Premium Times: LNG Money Not Bailout — Fayose (Nigeria)

Ekiti State Governor, Ayodele Fayose, has rejected the notion that the N413.7billion shared from the Nigeria Liquefied Natural Gas, funds by the tiers of government was a Federal Government bailout to states.
 
Mr. Fayose said in Ado-Ekiti on Tuesday that the N2.1billion allocated to Ekiti State from the $2.1billion fund was a legitimate earning and not  a bailout from the Federal Government as being erroneously claimed .

Read the full article HERE.

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