Friday 24 June 2016

Nigerian Government To Borrow N165b To Pay Civil Servants



 Due to constant drop in the revenue of the Federal Government of Nigeria, the Government of the country said it is faced with the prospect of borrowing to meet the monthly civil service wage bill which is estimated at N165 billion.
Minister of Finance, Kemi Adeosun, who had met with protesting workers of her ministry on Wednesday, said in a statement in Abuja yesterday that she does not have any power to pay N1.2 billion, which was not in the budget of the Ministry.
The minister said she had put all government departments to real squeeze in finances as the country grapples with the financial crisis.

Pointing out that many people across the country are now struggling to find work, with some losing theirs, while civil servants in many states are not getting their salaries, the minister urged her ministry workers to be grateful for getting their salaries on consistent basis and work together to get the whole economy back on its feet.
At the meeting to reconcile all parties involved in the workers’ protest, it was agreed that the ministry’s management would meet with unions to consider the issues raised and map out ways to reach resolutions on of before Friday, June 24, 2016.

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