Nigeria's economy may collapse in 90days- Gov. Fayose

Saturday, 31 October 2015

Ekiti State Governor Ayodele Fayose, has asked the President Muhammadu Buhari-led Federal Government to address the nation on the state of the economy and stop propaganda. Speaking at the 22nd Convocation of the College of Education, Ikere Ekiti, on Friday, Fayose warned that unless drastic action is taken, the economy might collapse in the next three months. Fayose, who is the Visitor to the College, lamented the deplorable state of the nation’s economy, noting that rather than address it, the All Progressives Congress- led Federal Government has been employing propaganda to deal with the issue.

He said: “This is the time for the Federal Government to come out and tell Nigerians about the state of the economy rather than employ propaganda. “I foresee serious trouble ahead because in the next three months, the economy may collapse. Oil now sells in the region of $40 per barrel. Things have never been bad like this. When I returned from the Holy Land yesterday (Wednesday), I was told that Ekiti got N1.4bn whereas my wage bill per month is N2.6bn.”

He decried that Ekiti people don’t pay tax, wondering how government could work for the people with depleting allocation from the centre. Fayose advised both lecturers and students to promote morals, saying lecturers who sexually harass students cannot promote morals. In her convocation address, the Provost of the College, Professor Francisca Aadejana said a total of 70 students bagged Distinction out of over 2,000 graduating students for the regular NCE certificate. She said 29 others also bagged Distinction from Professional Diploma in Education which is affiliated to Teachers Registration Council of Nigeria

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