The Federal Government has
disclosed that it borrows internally over N600 billion on average each
year to pay salaries of its workforce.
According to the government, many states may not be able to pay
salaries in the next three to four months, if things continue the way
they are.
Secretary to the Government of the Federation, SGF, Mr. Babachir
Lawal, disclosed this yesterday 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 currently being experienced by all, stressing that though this
administration inherited a country robbed almost to the last penny, it
would 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 stabilized and
assured citizens that with the desired cooperation, the country would
come out of the challenges and assume its rightful place as the most
populous black nation.
His words: “N600 billion is on the average, if you look at monies
coming from the Federation allocations, even for the states, Federal
government sometimes get N130 billion and sometimes if lucky, N200
billion and we have an expenditure profile of roughly N800 and N900
billion. Naturally, you need to augment sources from everywhere and from
wherever you can find it.
“There are so many avenues, I’m talking about local borrowings, not
international. There are ways and means to raise the money, because the
monies coming from the Federal allocation is not enough and the figures
are not fixed, they vary from month to month, it depends on what is able
to get into the treasury and our own share of it. Just like the states
and you remember that there was a time Osun state got N55 million in a
month from the Federation allocation and the state has a salary bill of
over N4 billion in a month, so the problems are too many.
“This government came into power at the very brink of the collapse of
our nation, which had over the years been riddled by corruption,
insurgency, youth unemployment and economic meltdown. Some stolen funds
have been recovered from the corrupt public office holders and
negotiations are ongoing with the host countries where those funds were
lodged to repatriate our common wealth.”
Earlier, the President of ECWA, Rev. Jeremiah Gado urged governments
at all levels not to do anything that will forbid God’s will from being
done in the country and urged governors to be fair to all, irrespective
of party affiliation, religion or tribe.
He prayed that “This administration should serve God and the people
of Nigeria with distinction in fairness, justice and equity.”
