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Tuesday 12 April 2016

FG borrows N600bn monthly to augment staff salaries, says SGF...




The Secretary to the Government of the Federation, SGF, Mr. Babachir Lawal on Tuesday in Jos disclosed that the Federal Government of Nigeria borrows internally over N600 billion on average each month 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.

Mr Lawal made the shocking disclosure at the opening ceremony of the 63rd General Church Council meeting of the Evangelical Church Winning All, ECWA where he represented President Muhammadu Buhari
 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.

He didn't quite mention when the 'short time' is, so I'm guessing it'll have to be any moment from now to when it's 4years later. 

In an unrelated news, Adult bought fuel N345 per litre in a filling at Agip Junction on Monday.
I'm sure by now it'll be N500.
I gotta admit, I like this new president. Remember he promised us Change.

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