We Borrow To Pay Salaries - Acting Accountant-General, Anamekwe Nwabuoku

The acting accountant-general of the federation (AGF) Anamekwe Nwabuoku, has disclosed that Nigeria is borrowing money to pay wages. Nwabuoku said this on Tuesday, June 14, 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."

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Posted: at 15-06-2022 03:25 PM (1 year ago) | Addicted Hero

Foolish people!!!  all of them are just there to mess the country up... because they want to blame who is the president.. civil servants, and governors none do their job... but keep chopping money and blame BUHARI

Posted: at 15-06-2022 04:19 PM (1 year ago) | Grande Master

Soooo, where’s the 80B this other guy stole?

Posted: at 15-06-2022 05:00 PM (1 year ago) | Gistmaniac

It's a smear!!! no body chop any 80billion na lie.... probably eastern propaganda

Posted: at 15-06-2022 06:17 PM (1 year ago) | Grande Master