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FG Cannot Afford ASUU’s Demands – Okonjo-Iweala

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Okonjo-Iweala speaking

The demands of the Academic Staff Union of Universities, ASUU, may not be met as the federal government lacks the resources to meet them, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said, dashing hopes of Nigerian students who were expecting a good outcome from the meeting of the two parties.

Following the discussions with the striking lecturers yesterday, the federal government’s Needs Assessment Implementation Committee has however agreed to release N100 billion for the provision and upgrade of infrastructure in the 61 public universities identified in the Needs Assessment Report.

Speaking in Minna, the Niger State capital in a speech at the opening of a two-day meeting of Commissioners of Finance and Accountants-General of states Ministries of Finance, Okonjo-Iweala said ASUU’s demands did not fall within the reach of the federal government. She added that there were a lot of things competing for the resources of the government.

“At present, ASUU wants government to pay N92 billion in extra allowances when the resources are not there and when we are working to integrate past increases in pension.

“We need to make choices in this country as we are getting to a stage where recurrent expenditures take the bulk of our resources and people get paid but can do no work.

“At the federal level and in most states, our budgets consist mostly of recurrent expenditures, yet, we continue to have demands for more recurrent spending,” she said.

According to the minister, recurrent expenditures account for about 77.2 per cent of the total budget, this the Ministry of Finance was working on, to re-balance the ratio and improve the budget formulation process.

The minister further said the country was still suffering from the effect of the 2010 increase in salary asking that “do we want to get to a stage in this country that all the money we earn is used to pay salaries and allowances”.

She said if the demands of the university lecturers were met and ‘we continue to pay them salaries and allowances, we will not be able to provide infrastructure in the universities.”

Okonjo-Iweala lamented Nigeria’s over-dependence on oil, which she noted has resulted in deterioration of the nations non-oil tax, adding that in 1970, non-oil taxes accounted for 74 per cent of federal government’s revenues but by 2012, it had declined to only 30 per cent of federal government revenues.

“Many states and local governments are also dependent on monthly revenue allocation from the central government. On average only 11 per cent of sub-national revenue was obtained from internally generated sources,” she said.

Okonjo-Iweala disclosed that the volume of external and internal debts of the country had been on the increase, saying “In August 2006, when I left office, we had a total of $17.3 billion comprised of $3.5 billion in foreign debt and $13.8 billion in domestic debt.”

She added that “by 2011, when I returned to office, the total debt now stood at $47.9 billion and the domestic debt had now grown to about $42.3 billion.”

The minister, however, said the federal government had taken measures to revamp the economy, adding that these measures have started yielding fruitful dividends in the areas of direct capital investment in the country in establishment of industries and agro-based firms.

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4 Comments

4 Comments

  1. victor

    August 14, 2013 at 11:31 am

    bt dm can acquire uneccessary expenses witin dm self nd our political leaders who earn millions of naira monthly may God judge dm all .

  2. Eric

    August 14, 2013 at 1:24 pm

    May be the fed. Govt and Asuu is waiting for UNIBEN student to barricade d ugbowo express for hours just for a start bfor dey com to their senses. I HATE NIGERIA, FUCK IT

  3. amachree owanate

    August 14, 2013 at 1:38 pm

    quite appaling,they should decide balancing the salaries of militants and also house of reps nd senate.

  4. Hamza nuhu mohammed

    August 15, 2013 at 12:20 am

    Okonjo_iweala as u said in 2011 the countries both foreign and domestic debts totaling to $90.2 billion, provided that we all know the economy of the country is at stake, too much problems, all leaders worries to count on billions in there accounts, best on the countries issues on ground FG can’t meet up the ASUU demands, why not ASUU should pls agree to either N100 billion for infrastructure or N92 billion for allowance and give the FG some time to meet up the remaing demand if the call up the strike again. students are suffering, our leaders (nigerians) dnt you want to educate us? No body comes back to the earth we are all going back to him, who made us from the clot of blood, u as a leader think wisely the judgement day is constant, pls look into this issue is not worth striking is a shame to us that we cant meet up our ASUU demands but we can pay for our children to school abroad, everybody will b left along in his grave, God is all seeing n never x
    sleep…

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Nigeria Ranks Third On Global Terrorism Index Despite Drop In Deaths – Report

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Nigeria Ranks Third On Global Terrorism Index Despite Drop In Deaths – Report

Boko Haram

Nigeria has been ranked as the third most terrorized country in the world according to a 2020 report by the Global Terrorism Index (GTI).

The report which was released on Wednesday, ranked Nigeria third only behind war-torn countries of Afghanistan and Iraq.

According to the GTI report, Nigeria witnessed an increase in Boko Haram attacks in the period under review, witnessing her worst terrorist attack in 2019 in northeastern Borno State, where at least 70 people were killed and 10 others wounded when insurgents attacked at a funeral.

Also Read: Presidency Clears Air On N150,000 Monthly Payment To Repentant Boko Haram Members

“Over the past year, Boko Haram increased attacks on military targets, with deaths rising from 26 in 2018 to 148 in 2019,” the report said.

However, the report recognized that terror-related incidents in the country fell by 27% in the same period due to a significant reduction in violence attributed to killer herdsmen.

“This reduction occurred despite a small increase in deaths attributed to Boko Haram, which has been the most active terrorist group in the country over the past decade. Deaths from terrorism in Nigeria are now 83 percent lower than at
their peak in 2014.”

 

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Nigeria’s Communications Minister, Isa Pantami, Loses 13-year-old Daughter

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Nigeria's Communications Minister, Isa Pantami, Loses 13-year-old Daughter

Communications minister, Isa Pantami

Minister of Communications and Digital Economy, Isa Ali Pantami, has announced the loss of his 13-year-old daughter, Aishah Isa Ali.

The Minister took to his Twitter account on Monday night to announce this sad news.

Pantami stated that the funeral prayer for the deceased will be conducted in Abuja on Tuesday at Annur Masjeed, Wuse 2.

Also Read: Gunmen Evict NIDCOM Staff From Office On Minister’s Order

The post by the minister announcing the incident reads; “Inna lil Laahi wa inna ilaiHi Rajiun! My 13-year old daughter, Aishah Isa Ali (Amal) passed away just a moment ago.

“Due to some necessities, funeral prayer tomorrow at Annur Masjeed, Wuse 2, immediately after Zuhr prayer In sha Allah. May Allah forgive and be merciful to her.”

 

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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