Ekiti to get N10bn from excess crude account –Fayose

bibing

EKITI State Governor, Ayo­dele Fayose, has disclosed that the state would soon benefit from the Federal Government’s disburse­ment of over $2 billion remaining in the Excess Crude Oil Account (ECA).

The governor stated this while featuring on a ra­dio/television programme “Meet Your Governor” in Ado-Ekiti at the weekend.

Fayose’s Chief Press Sec­retary, Mr. Idowu Adelusi, said the Federal Govern­ment was disbursing the ECA to state governments for them to embark or com­plete some capital projects.

The governor added that Ekiti could get about N10 billion from the fund.

“Nothing is going into the excess crude oil account because oil is selling lower than the envisaged price in the international market. That has badly affected all of us. The 2015 budget in Ekiti was predicated on oil selling at $65 a barrel, but it sells for just over $40 now.

“That has left our budget performing only in the area of Recurrent Expenditure. You know that I call a spade a spade. Ekiti is expecting about N10 billion when the ECA fund is shared. When it comes, I will tell every­body. I don’t hide things.

“The capital projects that we have embarked upon since we came on board are being executed because we are prudent, transparent and open, and also because we are leveraging on goodwill with corporate bodies,” he said.

Given the tough eco­nomic climate in the coun­try, Fayose said there was no way people could dodge paying taxes, rates and lev­ies, adding that government would be crippled without finances.

He implored butchers to stop protesting the N1, 000 levy imposed on them on the slaughtering of cows, warning that anybody caught killing a cow in an unauthorised place would be fined N50, 000.

Source: The Sun