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Home Forums News We borrow to pay salaries, says acting accountant-general

last updated by Chrisen 1 week, 6 days ago
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  • #25307
    Okey_14_boi
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    We borrow to pay salaries, says acting accountant-general

     

    We borrow to pay salaries, says acting accountant-general

    The acting accountant-general of the federation (AGF) Anamekwe Nwabuoku, says Nigeria is borrowing money to pay salaries.

     

    Nwabuoku said this on Tuesday, June 24, at a retreat organised by the office of the AGF for members of the technical sub-committee on cash management (TSCM) in Abuja.

    He explained that there is an increase in government expenditure due to rising security challenges and the social needs of the citizenry.

     

    “We have to borrow to augment payment of salaries and wages. This shows we are in very difficult times. Government income is highly challenged,” Nwabuoku said.

     

    “The theme and objective of the retreat couldn’t have been better captioned, given the fiscal challenges at the moment. Records available indicate that due to dwindling revenues, the treasury had to resort to other sources to augment the payment of federal government public servants.

     

    “There is an increase in government expenditure due to increasing security challenges and social needs of the citizenry.”

    Nwabuoku said there should be deliberate efforts to revert the trend through fiscal discipline, economic diversification, export sector promotion and plunging revenue leakages, among others, to ensure revenue inflow.

    He added:
    “Now that these challenges stare us in the face, you are all expected at this gathering to come out with ideas that will push us through.

    “Therefore, we must all, at this retreat, strive towards identifying the challenges to revenue generation and other means of enhancing inflow into federal government cash box; ensuring the cutting down the cost of governance in the most acceptable way and ensuring synergy amongst and within stakeholders in the sub-committee.”

    Read Also: Poor Salary Or Toxic Workplace: Which One Do You Prefer?

     

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    okey_14_boi

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    • #25338
      FM
      Participant

      BORROW BORROW FEDERATIOn… nonsense people…

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    • #25342
      Chrisen
      Participant

      the kind life these people have forced us to live is just suicidal to the core

      Share
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