Kayode Fayemi takes over, says Ekiti economy crashing

By Editor on 16/10/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 408


The newly inaugurated Governor of Ekiti State, Kayode Fayemi, has declared that the state was in an emergency situation with a huge debt of N120 billion.

Speaking during his inaugural speech in Ado Ekiti, the state capital, the governor said the state was currently battling with more than N120 billion debt piled up by the immediate past government of former Governor, Ayodele Fayose.

The former Minister of Solid Minerals consequently urged the Federal Government to assist in bailing the state out through the Economic Stabilisation Fund.

Urging investors and multi-national corporations to return to the state, Fayemi said, “We should join hands to resuscitate the ailing economy.’’

He said, “We are ready to work with everyone to create a landmark progress.

“We are committing to world best practices and deploy all skills to honestly work for the progress of the state.

“We will work to integrating the aspiration of the state to the programme of the federal government.’’

Fayemi insisted that the state would return to the fold of other states in the West to “fast track economic development.

“We will take full ownership of the challenges ahead of us,’’ he added.

Posted 16/10/2018 4:28:50 PM


Share on facebook Yahoo mail icon Gmail icon


You may also like...
Governor plunges into river while taking selfie on...

Police officers protest in Borno over salary arrears,...

Abia, Imo indigenes drum support for Gov. Ugwuanyi’s...

Herdsmen: Spate of killings in Nigeria declining —...

Nigeria Bans Open Grazing

Melaye, Kwankwaso, 13 other Senators defect tto PDP...

Court orders Abaribe, Jewish Priest to produce Kanu...

Buhari jets off to Plateau state over killings...

2019: It’ll be Buhari/Osinbajo joint-ticket – Presidency

DSS releases Sen. Abaribe on bail

2019: We’ll Make Nigeria Work Again, Says Ekweremadu...

Ngige accuses governors of delaying new minimum wage...


Latest News I’ll sell 90% of NNPC if elected – Atiku N13bn project: Why we dragged Ayogu to EFCC --Enugu community 2019: Buhari, Oshiomhole meet, set to announce APC campaign date CAN visits Buhari, says APC becoming corrupt politicians’ safe haven 2019: Don’t involve us in your devious propaganda – Enugu workers, traders tell Ayogu Eze camp EFCC arrests 23 OOU students, 12 others for Internet fraud Ohanaeze: Igbos can’t achieve Biafra through war – Nwodo Insecurity: I know how Boko Haram started – Atiku Nigeria to emerge world’s second largest rice importer in 2019 –US agency Restructuring agenda won Igbo support for Atiku Sen. Uzodinma denies arrest, vows to remain focused on governorship race DSS grills Oshiomhole over APC primaries


Most Read NAFDAC eases processes, cost of registering products for MSMEs (7,072 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (5,678 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (5,397 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (4,867 views) ASUU strike: Senate intervention ends in deadlock (4,764 views) Ex-governor Adebayo, Keyamo, Arise, others get board appointments (3,964 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (3,746 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (3,697 views) Prince Arthur Eze canvasses support for Buhari, Ugwuanyi (3,697 views) Anambra: INEC releases 37 candidates for Nov poll (3,661 views) Buhari has disappointed Nigerians – Arewa Youth Forum (3,648 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (3,636 views)





Julius Agwu - Crazy Interview Demands