Thursday, 23 June 2016

FG borrowing N165bn to pay civil service salaries - Kemi Adeosun

The Minister of Finance, Mrs. Kemi
Adeosun, Thursday, has stated that
the ministry cannot afford to pay the N1.2 billion requested by its
workers, she also confirmed that the Federal Government was already borrowing funds to be able to pay the N165 billion a month needed to cover civil service salaries.

Adeosun, in a statement in Abuja,
after the meeting held with
protesting workers of the Ministry of
Finance on Wednesday, said she
does not have any power to pay
N1.2 billion, which was not in the budget of the Ministry.

According to her, all government departments currently face a very real squeeze in finances as the country grapples with the financial crisis inherited from previous administrations, adding also that the collective priority, therefore, must be
on working together to get the
whole economy back on its feet.

She stated that the most important
thing for management and staff was
to get a common understanding of
what the government needed to do
to regain financial stability.

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