{"id":53936,"date":"2021-11-24T17:06:59","date_gmt":"2021-11-24T16:06:59","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo"},"modified":"2021-11-24T17:37:15","modified_gmt":"2021-11-24T16:37:15","slug":"n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo","title":{"rendered":"N656bn bailout: Buhari a caring leader, PDP govt didn\u2019t help states \u2013 BMO"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Buhari Media Organisation says the fresh N656 billion bailout to 36 states confirms President Muhammadu Buhari is a caring leader.<\/p>\n

A statement on Wednesday by the Chairman, Niyi Akinsiju, and Secretary, Cassidy Madueke, said the latest facility is the fourth in six years.<\/p>\n

Each state will get N18.2 billion to help them meet financial obligations and budget support due for repayment.<\/p>\n

The funds will be disbursed in six tranches over six months, with a 30-year tenor, and a 2-year moratorium at an interest rate of 9 percent.<\/p>\n

BMO noted that the presidential gesture was unprecedented and commendable.<\/p>\n

\u201cNot even in the oil boom years of the People\u2019s Democratic Party (PDP) did the country witness anything close to this\u201d, the statement read.<\/p>\n

It recalled that the first bailout was within the first few months of the Buhari administration when about 27 states could not pay salaries and pensions.<\/p>\n

\u201cAnother was in 2016 while a third was disbursed in 2017 with President Buhari specifically insisting that Governors should prioritize payment of salaries,\u201d it added.<\/p>\n

BMO said the most recent shows Buhari \u201cis so compassionate that he once asked some Governors how they sleep at night knowing that workers salaries had not been paid\u201d.<\/p>\n

The body advised Governors to use the N18.2 billion judiciously on projects and programmes that would be beneficial to the people.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Buhari Media Organisation says the fresh N656 billion bailout to 36 states confirms President Muhammadu Buhari is a caring leader. A statement on Wednesday by the Chairman, Niyi Akinsiju, and Secretary, Cassidy Madueke, said the latest facility is the fourth in six years. Each state will get N18.2 billion to help […]<\/p>\n","protected":false},"author":84,"featured_media":53935,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,26],"tags":[1570,2140,4333,97,5999,254,65],"class_list":["post-53936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-bmo","tag-buhari","tag-n656bn-bailout","tag-nigeria","tag-pdp"],"yoast_head":"\nN656bn bailout: Buhari a caring leader, PDP govt didn\u2019t help states \u2013 BMO - Nigeria<\/title>\n<meta name=\"description\" content=\"The Buhari Media Organisation says the fresh N656 billion bailout to 36 states confirms President Muhammadu Buhari is a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"N656bn bailout: Buhari a caring leader, PDP govt didn\u2019t help states \u2013 BMO\" \/>\n<meta property=\"og:description\" content=\"The Buhari Media Organisation says the fresh N656 billion bailout to 36 states confirms President Muhammadu Buhari is a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-24T16:06:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-24T16:37:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/11\/img-619e6a19855d6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"N656bn bailout: Buhari a caring leader, PDP govt didn\u2019t help states \u2013 BMO\",\"datePublished\":\"2021-11-24T16:06:59+00:00\",\"dateModified\":\"2021-11-24T16:37:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo\"},\"wordCount\":245,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/11\/img-619e6a19855d6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"BMO\",\"Buhari\",\"N656bn bailout\",\"Nigeria\",\"PDP\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/n656bn-bailout-buhari-a-caring-leader-pdp-govt-didnt-help-states-bmo\",\"name\":\"N656bn bailout: Buhari a caring leader, PDP govt didn\u2019t help states \u2013 BMO - 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