Etcetera to Buhari ; wake up!!

Singer turned writer Etcetera is at it again, this time he is telling president Buhari to meet up his expectations..
Read what he wrote bello;

Wake up, President Buhari. Get in the game; you have left the
door open for more Federal Government bailout. The question is,
why would the Federal Government get involved? And, beyond
that, why should it? Can the Federal Government really help a
state like Osun? Hell no!! The predicament of these states is due
primarily to two causes. One is mismanagement, which has
amounted to billions of their total shortfall. The second is the
money that was borrowed through the years for unseen projects
and other unnecessary obligations. Disappearing jobs, empty
factories have all played a role, too.
There are so many reasons why bailing out cash-strapped states
that mismanaged public finances with over N7bn should be
prohibited henceforth. We are talking about public funds here and
Nigerian taxpayers need to watch their wallets. If not, there will
be a call for a federal bailout to finance the purchase of private
jets for state governors. The National Assembly should act now to
ensure taxpayers aren’t forced to pay for years of mismanagement
by government officials. Failure of some of these states to properly
manage their funds might be rooted in an unholy alliance between
the governors and their godfathers. The issue of ghost workers is
another thing that should be looked into. It is a fact that some of
the commissioners liaised with the permanent secretaries to milk
the states by employing ghost workers.
Leaving aside the argument of the merits or demerits of federal
relief for these financially troubled states, the way these governors
squander public funds makes it morally troublesome and that’s to put
it lightly.
It would have been understandable if this bailout was as a result of
natural disasters like earthquakes or outbreaks of terrible diseases
such as Ebola. Seeking federal bailout to pay workers’ salaries is
preposterous, especially when the said states have been receiving
regular monthly federal allocations. Osun State needs to lie in its
own poorly made bed; the rest of the country cannot be expected
to pay for the myopic misdeeds of a lazy government.
Consider an uninsured driver who negligently makes an illegal turn
that causes an accident with another car. Witnesses call the
police, reporting who is at fault; the police transmit this
information to the traffic offence unit. When they arrive at the
scene and find that the car of the driver at fault is uninsured, will
they tow his car to the workshop and have it repaired at the
expense of the government? Let us also pause and consider
whether this bailout shows respect for ordinary Nigerian citizens.
The state governors having chosen to run their risks, they deserve
their misfortune, so society need not save them from it.
There are so many good reasons why the Federal Government
shouldn’t have offered a bailout to these states. That the
government treasury is empty is certainly one salient factor. Another
is the issue of moral hazard: if these states can turn to the
Federal Government whenever their finances go down, other states
will have much less reason to manage their money effectively and
make tough but crucial budgetary decisions.

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