Imo State Governor, Rochas Okorocha,has disclosed that the state is insolvent, as its monthly wage bill has outstripped its monthly statutory allocation from the Federal Government. The governor said monthly servicing of the bailout fund has further compounded the situation.
This was just as he reiterated that there was no going back on the state government’s decision to concession the management of parastatals.
Okorocha, said the monthly wage of the state had always been higher than what the state receives from federal allocations and internally generated revenue.
“The monthly wage bill of the state is N4.2 billion which is far higher than what we receive from federal allocation including the internally generated revenue which means that the state government has always been operating on a deficit. As at December 31, 2015 the state received N1.9 billion from the Federal Government while the monthly wage bill of the state for the same period was N4.2 billion.”
“We cannot continue to patch a cracked wall as if all is well, we need to break it down in order to rebuild it, and the current wage bill of the state is beyond our capacity. Imo State now receives the least allocation among the South-East states because of the monthly repayment of the bailout fund which the state took from the Federal Government, a situation which has further compounded the financial situation of the state.” The governor insisted that in spite of the financial dilemma of the state, no worker is being owed any salary.
culled:sunnewsonline.
Well his explanation makes sense if he is to be believed.
Chai dee Anayo you can lie for Africa.
ReplyDeleteShame on you
Scumbag and a bloody liar! God will punish u for ruining imo state! Oji Bekee bia gbagharia Ndi imo Anya! Now they can see who u truly are,a great liar! Chineke ga akpo gi oku!
DeleteMay God punish u, u could waste 650 million on a Christmas tree and come here to tell us nonsense . May the cry and curses the people of imo have placed on you follow u
ReplyDeleteI guess that the workers Insaw in channels tv some weeks back were merely acting and not demonstrating. Rochas you are a crook and I feel sorry for Imo people who had the misfortune of voting you into power.
ReplyDeleteNever BELIEVE ROCHAS Okoriacha
ReplyDeleteAbi Any Man From Ideato South
You're a fool... Wetin carry ideato south enter the story
DeleteThis is serious .
ReplyDeleteEnd time governor
ReplyDeleteAnd how much did he buy that christmas tree again,God is watching U
ReplyDeleteAnd how much did he buy that christmas tree again,God is watching U
ReplyDeleteNwanne ihukwa?
DeleteOkocha should hide his head in shame. He is highly inefficient and deceptive
ReplyDeletehe's a mad man..smh
ReplyDeleteWhen he has practically squandered all the money on women n his family business.
ReplyDeleteStupid man
Well the explanation makes sense. He should have explained before.
ReplyDeleteIt made no sense whatsoever
DeleteImo state doesn't have money and yet he used 650m for Xmas decoration??
Please he is a thief rogue and greedy man who has squandered imo state
And Alot of people are been owed. Forget this his pathetic lies
Dis Governor go don almost suck the state dry.
ReplyDeleterochas why r u lying mmm its not good...
ReplyDelete#singing o
We in IMO state can only wish this devil called Rochas and his family death.
ReplyDeleteRochas do something o
ReplyDeleteIf anyone believes this man, then Satan is still the first and best angel in heaven... nwoke dowere iru ka Motorola c160.
ReplyDeletehow can you be in such a messy condition and spend huge amount on rubbish christmas tree. misplacement of priority.
ReplyDeletehow can you be in such a messy condition and spend huge amount on rubbish christmas tree. misplacement of priority.
ReplyDeleteThis man is not fit for a governor. sorry to Imo State. Make una manage the change the man brought
ReplyDeleteHim done use una money for he business. Endtime Governor.. In One Trillion voice.
ReplyDeleteThis guy is a big fraud.
ReplyDeleteHow has the past governors managed Imo resources?
ReplyDeleteWhat about internally generated revenues of Imo state from agencies like lands,taxes etc.
You lie.
If you insist on making people poorer and allowing them die of frustration and depression,
Let it be so.
I'm sure you know why Dee Sam Mbakwe is still being remembered today in Imo state.
What will you be remembered for?
That's if you are bothered about that.
We must survive!
We were here when you came,we will be here when you leave!
“WELL HIS EXPLANATION MAKES SENSE IF HE IS TO BE BELIEVED”, WELL SAID STELLA, OUR IRON LADY.
ReplyDeleteNOBODY BELIEVES HIM ANY MORE IN IMO STATE BECAUSE ROCHAS OKOROCHA CAN LIE FOR AFRICA. IF LYING IS AN OLYMPIC SPORT, ROCHAS OKOROCHA WILL DEFINITELY WIN A GOLD MEDAL FOR NIGERIA. THE MAN KNOWS HIS LIE. HAIL ROCHAS
Then why Xmas decoration,talking about misplacing priorities.
ReplyDelete