Okowa Decries Destruction Of Oil Assets


Delta State Governor,
Ifeanyi Okowa, has said that due to the destruction of oil assets in the state, the producing capacity has become so bad that the state is now unable to pay salaries regularly to workers.
At a stakeholders meeting held Saturday in Warri, the governor said, “the larger Nigeria government has been in financial crisis over dwindling oil prices”, noting that increased production would have helped to cushion the impact rather than destruction of oil assets.
According to the governor, because of the dwindling oil price and destruction of oil assets, Delta State is now producing half of its quota.
“We are all really worried because the greater effect is on Delta State.  Before now, we received upto N20 billion monthly, but what we have now is so low;  last month we got N3.4 billion.  We now get 1/7th of what we used to have”, he said.
According to him, going by the present financial circumstance, the state was no longer in a position to pay salaries regularly since the internally generated revenue has also nosedived.
He said: “We met a wage bill of N7.4 billion.  Our workforce has been unchanged.  With biometrics and rationalisation, we trimmed that to about N6.8 billion.  With the situation we have in our hands, we are not in a position to pay workers regularly any more”.
He said the situation forced the state government to reduce  its support to the councils and regretted that apart from poor income from Federation Account, IGR has also gone down because money is not circulating.