L-R: Director, New Growth Areas, Mr Olujimi Aina, Executive Chairman, LIRS, Mr Ayodele Subair, Managing Director, O. M Associates, Mr Olufemi Oguntade during a meeting on Deduction of Withholding Tax on Commission with Stakeholders within the FMCG, Gaming and Multi-level Marketing Sector held at Ikeja on May 12, 2022.
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The N714bn Bailout: Matters Arising
It was good news the other morning when news filtered out that the federal government has graciously given cash-strapped states a bailout of approximately N714 billion to settle outstanding salaries and other forms of wages to workers in their states.
To the workers, it was probably the best news of the year 2015, given that some that had fallen into arrears for upwards of seven to nine months. To ordinary Nigerians not directly affected by the salary crisis in the affected states, the bailout represents a moment of relief from the plight of the workers.
For the state governments, the bailout is only a temporary measure to relieve them of the scandalous inability to meet their obligations to workers in the states.
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