Unless President Muhammadu Buhari grants short-term loans to state governments to offset outstanding salaries, owed civil servants, the economy of many states in the federation may soon collapse.
A pressure group committed to good governance in Nigeria Majeobaje movement made this appeal yesterday.
The Convener of Majeobaje Movement, Chief Akintayo Akin–Deko gave the suggestion at the end of the Movement’s monthly appraisal of the state of the economy held in Idanre, Ondo State at the weekend.
“Such loans”, Akindeko noted, “would be short-term and repayable through deductions from the usual allocations to states from the federation account.”
Chief Akin-Deko, a Development Economist, observed that the backlog of unpaid salaries had wrecked havoc in the economy.
“The governments are the largest employers of labour in the country and the non-payment of salaries has dealt a decisive blow to the middle and low-income class. People are frustrated and the honeymoon period for the new government is likely to be short-lived”, he added.

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