There's No Money In Nigeria, Govt Managing To Pay Salaries -Minister
Faith Ukanwa
Oct 20, 2023
There's No Money In Nigeria, Govt Managing To Pay Salaries - Minister
The minister for budget and national planning, Atiku Bagudu, has claimed that there is no money anywhere in Nigeria, adding that the government is only managing to pay salaries of workers.
READ ALSO: "Withdraw Your Children" - Abia State Govt Says As It Shuts Down Emerald School | READ MORE
Speaking in Abuja on Thursday, Bagudu lamented that the Federal government is facing revenue deficit, very slow growth, a fast rising population growth which has surged the unemployment rate even in the midst of high inflation.
READ ALSO: NIMASA Reveals Plans To Halt Oil Theft |READ DETAILS
The minister called on non-governmental organisations to help the government to cover the spaces it could not.
In his words;
READ ALSO: ARMY ARREST WANTED BOKO HARAM TERRORIST IN BORNO
"Government faces enormous challenges especially now; the government is facing a revenue deficit. There is no money anywhere in the country; the government is just managing to pay salaries.
READ ALSO: Why Relegated Burnley Appointed Former Manchester City Captain, Kompany As Head Coach
"The growth rate is very slow and the population growth is fast pacing and increasing. Unemployment is surging in the midst of high inflation."
Related Stories
Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
How Trump's Threat Triggered N2.8 Trillion Stock Market Crash In Nigeria - Investors Panic As Confidence Plummets
How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
7 Online Money Traps Young Nigerians Are Falling Into
""
— Faith Ukanwa