FG responsible for states’ financial woes –Ajimobi
Governor Abiola Ajimobi of Oyo State has blamed the inability of states to meet their financial obligations to workers and contractors on the Federal Government’s directive to financial institutions not to grant credit facilities to states, in spite of the dwindling allocation from the centre. The governor said this during the inauguration of the state Chief Judge, Justice Munta Abimbola, at the Executive Council chambers of the Governor’s Office in Ibadan yesterday. He said allocations to the state from the federation account had been reduced by more than 40 per cent in the last seven months, thereby forcing the state to device ingenious ways of meeting its financial obligations. “This is indeed a hard time for all of us in this country. Like other states, allocation to this state has been reduced by more than 40 per cent in the last seven months. In spite of this, the Federal Government directed financial institutions not to grant credit facilit...