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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