Thursday, 16 June 2016

How Gov Masari Spend N88 Billion & Extra N30 billion Loan In One Year


Katsina State Shared N88 Billion received from the federation account in the last one year including Local Government councils in the State. This was disclosed by an intelligent economic magazine.
On assumption into office, Gov Masari promised to run a transparent government where people will have access to how public funds are being spent.
There is a growing agitation in Katsina State on how Gov Masari spent N88 Billion received from the federation account within one year to the extent of receiving another N30 billion loan within the same one year as alleged by the chairman PDP Katsina Chapter.
“The 36 states and the 774 local government councils in the country shared N2.8 trillion from the Federation Account in the last one year, a report by the Economic Confidential, an intelligence economic magazine, has said.
The report breaks down the receipt by some of the states as follows: Lagos state (N178b) Akwa Ibom (N173b), Delta State (N144b) Kano State (N117b).
Bayelsa State (N95b) ; Katsina State (N88b) Oyo State (N84b), Kaduna State (N83b) and Borno State (N78b).
The others are Gombe (N49b), Ebonyi States (N49b), Ekiti (N50b)and Nasarawa State (N50b) n and Kwara (N52b).
Edo (N66b),Ondo (N71b) Cross River State (N59b)”.

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