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“we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF (374 Views)

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“we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by micheal34(m): 3:51pm On Jun 15, 2022
The acting accountant-general of the federation (AGF) Anamekwe Nwabuoku, says Nigeria is borrowing money to pay salaries.

Nwabuoku said this on Tuesday, June 24, 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.”


https://voicesuit.com/we-borrow-to-pay-salaries-governments-income-is-challenged-agf/

1 Like 1 Share

Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by franchasofficia: 3:53pm On Jun 15, 2022
lol
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by budaatum: 3:54pm On Jun 15, 2022
Most done seem to understand that Nigeria is a poor mismanaged country.

But I guess we will understand how poor we are when our salaries stop being paid because we can't borrow anymore.
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by slickbak(m): 3:55pm On Jun 15, 2022
grin
Kleptocracy

Wayo wayo government
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Perfectbeing(m): 3:55pm On Jun 15, 2022
End subsidy

1 Like 1 Share

Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Cubalabloo(m): 3:58pm On Jun 15, 2022
One day, you will account for where and what you idiots used our funds for. You think we are ignorant of the massive looting still on-going in your ministry? Only time will tell. And pray you don't die suddenly.
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by WibusJaga: 4:05pm On Jun 15, 2022
Many Government Workers are practically being paid salaries for doing nothing.

1 Like 1 Share

Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Naijanascam: 4:05pm On Jun 15, 2022
Borrowing to pay for your wedding and child dedication.... Only a hopeless adult can only do it
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Tekzyflex(m): 4:07pm On Jun 15, 2022
Thief people!
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Maxymilliano(m): 4:08pm On Jun 15, 2022
Same thing Goodluck did in the twilight of his administration and was blasted by this inept Ne'er-do-well party

1 Like 1 Share

Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Kelsmatuc(m): 4:10pm On Jun 15, 2022
And one idiot stole almost 80 billion for himself
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by galaxy2020(m): 4:12pm On Jun 15, 2022
They lack ideas, the more reason why peter obi needs to take charge of things, if not, Zimbabwe will be better than us.

2 Likes 1 Share

Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by sinkhole: 4:16pm On Jun 15, 2022
You borrow to pay salaries but only one person could embezzle more than 100billion naira! OK o, continue embarassed
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by budaatum: 4:17pm On Jun 15, 2022
galaxy2020:
They lack ideas, the more reason why peter obi needs to take charge of things, if not, Zimbabwe will be better than us.

https://www.nairaland.com/7174875/peter-obi-structure-100million-masses

Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by sinkhole: 4:18pm On Jun 15, 2022
WibusJaga:
Many Government Workers are practically being paid salaries for doing nothing.
So, who are we to blame?
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Ddeliverer007(m): 4:19pm On Jun 15, 2022
And yet y’all say Buhari is working. Lol. All of una dey crase
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Risentouch(m): 4:25pm On Jun 15, 2022
micheal34:
The acting accountant-general of the federation (AGF) Anamekwe Nwabuoku, says Nigeria is borrowing money to pay salaries.

Nwabuoku said this on Tuesday, June 24, 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.”


https://voicesuit.com/we-borrow-to-pay-salaries-governments-income-is-challenged-agf/

Did I just read June 24 abi My eyes dey pain me?
Re: “we Borrow To Pay Salaries, Government’s Income Is Challenged” – AGF by Pakute: 4:28pm On Jun 15, 2022
The ex AGF should be fed to the Crocodiles.

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