UNKNOWN SOURCE OF PARIS FUND AND IT BENEFICIARIES

 UNKNOWN SOURCE OF PARIS FUND AND IT BENEFICIARIES

A new trend as emerge in the aspect of disbursing cash to state government only, without considering local and federal government. The state government as being benefiting from a billions of dollars called PARIS FUND, the source of this fund wasn't known to millions of Nigerians yet.

The whooping amount of dollars keep coming in trenches and immediately it arrives, it will distributed to the appropriate state account for disbursement. I can't tell if Nigeria government are borrowing from outside the country or it has a foreign investment that the citizens of Nigeria don't know.

The truth about the funds is that it was not being use as intended by the federal government,  the state government divert the money for others purposes. Some of the governor's invested the money into their personal business, a money meant for civil servant and pensioner's salaries.

Why the money is meant for state alone what about others tiers of government are they not working or are not recognized the federal government, if so let the federal create another avenue for funds and they should whatever they want, ours is to benefit from the cash.

These relief fund has made many state to become lazy to explore it natural resources endowment and others resourceful avenue, since the fund kept as intended by the state governor's. one of the governor even went far by building a mega hotel somewhere in Lagos with this so called Paris fund.