Ekiti State governor, Mr Ayodele Fayose has said with the continued downward trend in the price of crude oil in the international market, except by God’s intervention, Nigerians should brace up for more challenges next year.
Governor Fayose, who spoke in Efon during his sensitisation tour of local governments in the state, said this year’s budget performed poorly because it was predicated on $68 per barrel while it sold much lower than that.
In a statement in Ado-Ekiti yesterday by his chief press secretary, Mr Idowu Adelusi, the governor posited that if the trend continued, there would be more financial challenges to cope with next year.
“This year’s budget did not meet expectations, especially in the area of capital expenditure, because of the poor revenue coming in from oil sale in the international market. The oil now sells for less than $40 per barrel.
“We are heading for a serious financial challenge next year, as there seems to be little hope for the economy bouncing back. Our administration has always put our finances in the open for all to see. We are on this tour because we need to let you know what is happening. The power of the people is greater than the power of the leaders,” he said.
The governor said in response to the observations by workers that a department that would look into their complaints and follow up on their welfare would be set up at the governor’s office in Ado-Ekiti.
Fayose promised that the coming Christmas period would not be bleak for civil servants in the state, saying no effort would be spared to ensure that they got their salaries.
He also assured pensioners that as soon as the federal government releases the remainder of the bailout money with regards to the local government, he would pay them.
In their contributions, Mr Asubiojo G.O of the Nigerian Union of Local Government Employees, NULGE, and Mrs Anifowoshe R.O, commended the governor for his efforts at meeting their needs and improving their welfare.

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