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Editorial

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Time there was when this state was saddled with a Chief Executive, famed for weeping over the Federal neglect of Imo State under his watch.
That man was Chief Sam Mbakwe, arguably the best Governor of the old Imo State.

Time there was when this state was saddled with a Chief Executive, famed for weeping over the Federal neglect of Imo State under his watch.
That man was Chief Sam Mbakwe, arguably the best Governor of the old Imo State.


Last week, Imo State Governor, Owelle Rochas Okorocha, was reported to have wept for the state over its declining fortunes, stressing that Imo State received the least allocation from the Federation Account in the entire South East as at December, 2015.
He said that the only saving grace in the midst of the dwindling economy is the local governments fund even as he regretted that the Internally Generated Revenue will be nothing to write home about.
Governor Okorocha did not mince words over the fate of Imo Civil Servants and health workers, declaring that his decision on concessioning certain enterprises was irreversible.
If the governor had not hidden the parlous economic position of Imo State from the workers and other stakeholders, he would not have come under heavy attack, especially from the labour front; but now, the truth has come out, and he is “weeping”, telling those who care that he is in trouble.
It is common knowledge that state governments face stiff conditions to get bailout fund this year, because the new bailout would come with stiff conditionality.
A financial expert has predicted that state governments would request for at least two bail-outs before the end of 2016.
According to the man, the state governors were already coming up with the moratorium for bail-out reschedule for the fund they collected four months ago, while some of the states have refused to pay back the money.
The bail-out package has a 20-year repayment tenure for all states except Ogun state which opted for a 10-year tenure.
Governor Okorocha has cause to weep for Imo under his watch because of certain uncertainties in the supply line.
Dee Sam of blessed memory 'wept” and got what he wanted. He brought pride to Imo State and has been revered by the people of the state and beyond.
Owelle should stop shedding crocodile tears, and get on to smoothen the path to salvation.


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