The federal government borrows an average of N600 billion annually to augment payment of workers’ salaries, the Secretary to the Government of the Federation David Lawal Babachir, disclosed on Tuesday.
Mr. Babachir made the disclosure at the opening ceremony of the 63rd General Church Council (GCC) of Evangelical Church Winning All (ECWA) in Jos, Plateau State, where he represented President Muhammadu Buhari.
“The federal government gets N130 billion, and sometimes if it is lucky, it gets N200 billion from federation allocation, and we have an expenditure profile of roughly N800 billion to N900 billion. Naturally, you need to augment sources from everywhere and from wherever you can find it”, Babachir said.
“I’m talking about local borrowings, not international. There are ways and means to raise the money, because the monies coming from the federal allocation are not enough and the figures are not fixed; it varies from month to month, depending on what enters into the treasury and our own share of it from federation account, just like the states”, he added.
The SGF painted a gloomy picture for some states in respect of salaries payment in the next four months, citing Osun as an example.
“Just like in the states, you remember Osun state got N55million in a month from the federal allocation and the state has a salary bill of over N4 billion in a month”, Babachir noted.
However, he urged all faith-based organizations and traditional institutions to sensitize the citizens on the need to exercise patience, saying the Buhari administration inherited an ailing economy which has to be nurtured for some time before it stabilizes.
Earlier the ECWA President, Rev. Jeremiah Gado, said all Christians were praying for Buhari to succeed.
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very beginning of the game, the Parisians began to attack the opponent’s goal, with Neymar
keeping wasting his chances. PSG fans were pleased with Kylian Mbappe joining the game,
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- RB Leipzig demonstrated no satisfactory game, which may have been affected by the following
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- The tactic was too risky. 3-4-3 with a smooth transition to 3-5-2 is not the best solution
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- Poor leaders’ game. Sabitzer looked lost on the field, Poulsen wasn’t visible either. The
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It is also worth mentioning the game of PSG. The Parisians played a great match and deserved to
qualify for the final.
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#EndSARS: Dino Melaye Laments Over Shooting Of Protesters In Lekki
Recall that on Tuesday evening, protesters at the Lekki ground came under heavy fire by the military.
Bullets fired by military personnel hit some persons and at least one person has been reported dead and many injured.
Reacting to the development, the former lawmaker from Kogi State expressed that he was having a sleepless night.
Melaye in a Twitter post went on to describe the incident as a massacre.
I can't sleep, I belong to a country that have no value for her citizens. Lekki massacre my God. Why?
— Senator Dino Melaye. (SDM) (@dino_melaye) October 20, 2020
Stop killing Nigerians – Hilary Cliton tells Buhari
Former United States presidential candidate, Hilary Clinton, has called on President Muhammadu Buhari and the Nigeria Army to stop the killing of peaceful #EndSARS protesters calling for reforms in the police.
Recall that the #EndSARS protesters, who had been holding forth at the Lekki Toll Gate in Lagos, were shot at on Tuesday night, shortly after Governor Babjide Sanwo-Olu declared a 24-hour curfew.
Many were hit by bullets, others injured with reports of deaths.
Reacting to the latest development, Hilary, the wife of former US President Bill Clinton, called on President Buhari and the army to stop the killing of young #EndSARS protesters.
With this, Clinton joins a growing list of foreign stars and other VIPs that have expressed support for the campaign.
Her tweet read: “I’m calling on @mbuhari (President Muhammadu Buhari) and the @hqnigerianarmy (Nigeria Army) to stop killing young #EndSARS protesters.
The reactions have been pouring in, with many thanking her for lending her voice .
— Hillary Clinton (@HillaryClinton) October 20, 2020
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