News:Nigeria FG Says They Cant Meet Up With Asuu's Demand(95BILLION)NAIRA

Date: 14-08-2013 7:04 am (10 years ago) | Author: Naijaeye
- at 14-08-2013 07:04 AM (10 years ago)
(m)
We can't meet ASUU'sN92bn demand - FG The Federal Government on Tuesday said it did not have the resources to meet the N92bn financial demandby the Academic Staff Union of Universities. Minister of Finance, Dr. Ngozi Okonjo-Iweala, at the opening of a two-day meeting of Commissioners of Finance and Accountants-General of states, said the N92bn being demanded by the university lecturers was notwithin the reach of the Federal Government. She said, "At present,ASUU wants the Federal Government to pay N92bn in extra allowances, when the resourcesare not there, and whenwe are working to integrate past increases in pensions. We need tomake choices in this country as we are getting to the stage whererecurrent expenditures take the bulk of our resources and people get paid but can do no work."Since I assumed office, the share of recurrent expenditure in our total budgets had increased astronomically. In fact, recurrent expenditure accounted for about 77.2 per cent of the federal budget and we are now working to re-balance this ratio." The minister added, "The country is still suffering from the effect of the 2010 increase in salary. Do wewant to get to astage in this country that all the money we earn is used to pay salaries and allowances?" The theme of the meeting is 'Restructuring Nigeria's Finances.' She said, "If the demands of the university lecturers are met and we continueto pay them salaries and allowances, we will not be able to provide infrastructure in the universities." The minister also lamented that Nigeria's over-dependence on oil had resulted in deterioration of the nation's non-oil tax. She said that non-oil taxes accounted for 74 per cent of Nigeria's Government revenues in 1970 but by 2012, it had declined to only 30 per cent. She said many states and local governments were also dependent on monthly revenue allocation from the central government. "On the average only11 percent of sub-national revenue was obtained from internally-generated sources," sheadded. Meanwhile, the negotiation between the Federal Government and striking members of the ASUU ended in a deadlock as both parties rescheduled the meeting to Monday next week. The Chief Mediator on behalf of Federal Government and Governor of Benue State, Dr. Gabriel Suswam, who spoke with journalists on Tuesday after a marathon meeting, said"tremendous progress" has been made in the negotiations, particularly on the NEEDs Assessment and Earned Allowance issues raised by ASUU. Suswam, who also serves as chairman of the Universities Needs Assessment Committee, expressed optimism that the issues would soon be resolved going by the progress made so far.
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Posted: at 14-08-2013 07:04 AM (10 years ago) | Newbie
- winace at 14-08-2013 07:24 AM (10 years ago)
(f)
But u can meet d demand of d politician travelling ideally and stealling, paying 1,000 and 1% salary. Oh my country nigeria? Hmmm GOD dey!
Posted: at 14-08-2013 07:24 AM (10 years ago) | Addicted Hero
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- Toks-E at 14-08-2013 08:53 AM (10 years ago)
(m)
A government that has never kept any of its agreement
Posted: at 14-08-2013 08:53 AM (10 years ago) | Addicted Hero
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- cadanre at 14-08-2013 09:44 AM (10 years ago)
(f)
Agreement are known to the leaders who are ELECTED not the types we have here who are SELECTED.
Posted: at 14-08-2013 09:44 AM (10 years ago) | Hero
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