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://www.lindaikejisblog.com/2022/6/we-borrow-to-pay-salaries-says-acting-accountant-general.html

What else do you expect from a sh**thole?

Has EFCC concluded their investigation on the AGF? If yes, what did they achieve? Was the looted funds retrieved? How much was retrieved?

There's no transparency in our government and it's agencies. Nigeria needs a total overhauling from top from bottom.

Get your PVC, let us take back our country. A new Nigeria is possible.

First sign of Quality Leadership System

Shameless individuals,with the money flying up and down,left and right,these guys still ve guys saying this nonsense

Today is 15 of June....I don't understand 24th of June.is not a fake news but we are in serious trouble if the news is true
 
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://www.lindaikejisblog.com/2022/6/we-borrow-to-pay-salaries-says-acting-accountant-general.html

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IkeIgboNile:
Has EFCC concluded their investigation on the AGF? If yes, what did they achieve? Was the looted funds retrieved? How much was retrieved?

There's no transparency in our government and it's agencies. Nigeria needs a total overhauling from top from bottom.

Get your PVC, let us take back our country. A new Nigeria is possible.

The new AGF