News Express banner Camano banner
Ekiti’s economy heading for emergency — Fayemi

By News Express on 16/10/2018

Views: 492

•Ekiti governor Fayemi and wife
•Ekiti governor Fayemi and wife

The Ekiti state’s economy is heading for a state of emergency with a huge debt of N120 billion, the new governor of the state, Dr. Kayode Fayemi, said on Tuesday in his inauguration speech in Ado-Ekiti.

The governor appealed to the federal government for assistance to bail out the state through the Economic Stabilisation Fund.

While committing to address the problems of unpaid salaries of workers, Fayemi said: “We should join hands to resuscitate the ailing economy.’’

He also called on investors and multi-national corporation to return to Ekiti.

The governor said the state was currently battling with more than N170 billion debt piled up by the government of former Ayodele Fayose.

The state, he said, would embark on social investment, education, agriculture and rural development.

He said the state would return to the fold of other states in the west to fast track economic development. (NAN)

Source News Express

Posted 16/10/2018 7:30:03 PM

 


 

CLASSIFIED ADS

 

You may also like...
Ejide says god of soccer against Nigeria at...

WHY WE POSTPONED 2015 POLLS —Jega •Justifies action...

Campaign Funding: NRM presidential candidate drags Buhari, Atiku...

El-Rufai appoints Perm Secs, Advisers; Head of Service...

FRCN seeks partnership with EFCC

Saraki set to address World Press Conference

FRSC warms up to conduct psychological test on...

Onyeama calls for investment in ICT infrastructure

‘Pure Water’ sells for N20 in Enugu as...

Obasanjo advocates spiritual approach to anti-corruption war

PDP condemns alleged attack on Atiku •Says Buhari...

No dirty deals between NNPC and Springfield Energy...

 

Latest News Husband kills wife over plan to re-marry after his death Police share ‘helpful security tips’ JAMB speaks on release of 2019 UTME results National Assembly: Why I’m backing APC’s, Buhari’s position — Tinubu Gunmen abduct three cattle merchants in Taraba Oil spills claim 2 lives in Ogoni Police warn Enugu residents against 'wonder bank operators' Two cheat death on Easter Day Anambra to launch second edition of the Operation Kpochapu Kajuru Castle attackers demand N60m for kidnapped victims Osun to recruit 2,000 food vendors for school feeding Mother, Nurse, others in police net for selling 6 hours old baby

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (470,312 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (414,766 views) Shameless Genevieve Nnaji exposes breasts in public (352,242 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (301,681 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (265,931 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (238,998 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (225,947 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,460 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (196,471 views) 10 cars more expensive than Jets (188,612 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,023 views) Lagos plane crash: Journalist releases victims’ names (178,451 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (86) Business & Economy (4,209) Business Verdict (65) Columnists (1,017) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (35) International (3,340) Interview (176) Live Commentary (29) Love Matters (155) Maggie's Blog (232) News (45,190) Opinion (1,226) Pidgin (17) Politics (10,628) Religion (982) Sports (1,963) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera