OMG! See the Huge Amount FG Borrows Monthly to Pay Staff Salaries

Forum 8 years ago

OMG! See the Huge Amount FG Borrows Monthly to Pay Staff Salaries

The Federal Government of Nigeria has disclosed that it borrows internally over N600 billion annually to pay salaries of its workforce adding that with the way things are going many States may not be able to pay salaries in the next three to four months, according to the Vanguard.

The Secretary to the Government of the Federation, SGF, Mr. Babachir Lawal made the disclosure Tuesday in Jos where he represented President Muhammadu Buhari at the opening ceremony of the 63rd General Church Council meeting of the Evangelical Church Winning All, ECWA.

He urged all faith-based organizations and traditional institutions to sensitize the citizenry on the need to exercise patience in the hardship that is currently being experienced by all as stressing that though this administration inherited a country that was robbed to the last coffers, it will be revived within a short time.

The SGF lamented that the present administration inherited an ailing economy that must be nurtured for sometime before it stabilizes and assured citizens that with the desired cooperation, the country would come out of the slum and assume its rightful place as the most populous black nation.