Fall In Oil Price: Buhari’s Financial Discipline Saved Most State Govs – Shettima

Kashim ShettimaWith the price of crude oil dropping to below $40 per barrel, governments of the 36 states would have been in “soup”, had President Muhammadu Buhari’s financial discipline not come into play, Governor of Borno State, Alhaji Kashim Shettima, has said.
The governor stated this at a wedding reception in Kano soon after Governor Muhammadu Badaru Abubakar of Jigawa State gave out his daughter, Amina’s hand in marriage to Lawan Dahiru Mangal.
“When the price of crude oil was over $100 per barrel, Borno State was receiving around N4.5 billion per month. Today, oil price has fallen to less than $40. Ordinarily, states like Borno should have received 20 percent of what we were receiving when oil was over 100 dollars”, Mr. Shettima said in a statement by his spokesperson, Isa Gusau on Monday.
The statement further quoted Gov. Shettima as saying, “This month, we received N2.6 billion at a time oil is below $40 and this is more than 50 percent of what we were receiving at a time oil was over 100 dollars. Our salary wage is N2.6 billion but we still have to be grateful to President Buhari because wallahi, if not for his financial discipline, all of us here would be in soup by now”.

Leave a Reply

Your email address will not be published. Required fields are marked *