
Mortgaging states to FG in the name of bail-out
Even the village idiot knew that by May of this year, most states were in deep financial problems. Those hyped to be “innovative” and the confirmed wastrels and utterly corrupt suddenly found themselves in the same boat. I was probably the only person in Nigeria who was not surprised. Several articles had been published on this page predicting that outcome. Two, among others will serve as reminders.