"28 Out of Nigeria's 36 States are Technically BANKRUPT!" - Governor Ajimobi

Governor Ajimobi of Oyo state raised an alarm yesterday while speaking at the 7th annual Lateef Femi Okunnu lecture at the University of IFE concerning the financial situation of states in Nigeria. In his words, Oyo State governor, Abiola Ajimobi, raised the alarm yesterday that, about 28 of the 36 states of the Federation are technically bankrupt. He was speaking on “State Financing and Over-dependence on Oil: Issues and Challenges,” organised by Muslim Law Students of the university when he said:
 “Our attitude is antithetical to development. We need to change our attitudes completely about payment of taxes and levies if we must avert the impending economic doom... As I speak, I can conveniently say that 28 states are technically bankrupt. The jaundiced view that taxes and levies might be embezzled if paid is an anathema. Public office holders are supposed to hold, in trust, the  public treasury. To do otherwise is to incur the wrath of the law after leaving office... To the youths, I challenge you to imbibe positive leadership qualities such as you have found in our honoree and among other distinguished personalities you have seen or read about... You must join the moving train of development and explore information technology positively to advance in the current and future world.”