Fidelity bank banner Atiku Obi Campaign banner Newsexpress banner Camano banner
Ekiti’s economy heading for emergency — Fayemi

By News Express on 16/10/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 425

•Ekiti governor Fayemi and wife
•Ekiti governor Fayemi and wife

The Ekiti state’s economy is heading for a state of emergency with a huge debt of N120 billion, the new governor of the state, Dr. Kayode Fayemi, said on Tuesday in his inauguration speech in Ado-Ekiti.

The governor appealed to the federal government for assistance to bail out the state through the Economic Stabilisation Fund.

While committing to address the problems of unpaid salaries of workers, Fayemi said: “We should join hands to resuscitate the ailing economy.’’

He also called on investors and multi-national corporation to return to Ekiti.

The governor said the state was currently battling with more than N170 billion debt piled up by the government of former Ayodele Fayose.

The state, he said, would embark on social investment, education, agriculture and rural development.

He said the state would return to the fold of other states in the west to fast track economic development. (NAN)

Source News Express

Posted 16/10/2018 7:30:03 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Saudi King demolishes house of Prophet Mohammed’s wife...

Don’t destroy South East, HURIWA tells Buhari •Asks...

Ondo community boils over killing of herdsman

Buhari warns police against unprofessional conduct

Nigerian Army 6 Division commences full operation in...

Survey identifies major cause of cancer

We don’t have $3.5 billion subsidy fund —...

Customs intercepts contraband valued at N200m

Angry youths stone Governor El-Rufai as 6 die...

Another terrorist group linked with Boko Haram springs...

Igbo traders take to the streets over Boko...

Strange disease kills 8 Katsina students

 

Latest News Conduct Bureau adamant on CJN Onnoghen’s trial; serves criminal charges •Why trial may go ahead despite court order Minimum Wage: Labour promises ‘hell’ for dissenting governors Andy Uba moves to establish university in Anambra Nigerian Ambassador dies in Abidjan I feel very sad about CJN Onnoghen’s trial — Osinbajo 2,551 suspected thieves arrested in Kaduna Crocodile mauls woman to death Imo APC commences contempt proceedings against Oshiomhole PSC warns against illegal transfers of commissioners ahead of elections 2019: Saraki warns against do-or-die politics •Says Nigerians must be allowed to elect candidates of their choice National Assembly adjourns after resumption from Yuletide break Promotion withdrawal: Oyo workers begin warning strike

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (439,801 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (399,698 views) Shameless Genevieve Nnaji exposes breasts in public (333,161 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (286,368 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (251,872 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (231,286 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (215,282 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (196,458 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (183,670 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (172,336 views) Lagos plane crash: Journalist releases victims’ names (169,722 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (155,720 views)

 

JAMB 2019 Reg

CBN banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,955) Business Verdict (54) Columnists (982) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (579) Features (703) Global Business Monitor (314) International (2,983) Interview (170) Live Commentary (28) Love Matters (151) Maggie's Blog (112) News (42,442) Opinion (1,179) Pidgin (16) Politics (8,723) Religion (941) Sports (1,862) Stock Watch (36) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera