Features Editor of YNaija
Features Editor of YNaija
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Again, as has become customary of Favour, it is the most ignorant commentary on the salary saga. The bailout money, about N740 billion is not indeed the bailout expected. It is statutory allocation that will go into the federation account and the sharing formula of FG52%, states 26% and LGA 22% will apply and it has applied. Osun got a paltry N2.2 billion from this sum which cannot even offset one month’s salary of N3.6 billion. But the governor added N100 million to it and was able to pay all levels 1-7 in full and managed to pay the rest senior staff 50 per cent of January salary.
Given this monumental ignorance displayed by Favour, the joke is now on him as he has subjected himself to ridicule before all right thinking, decent and informed persons. The real bailout is a credit line from a N250 billion funds with the CBN and the papers are still being processed.
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