Secretary to the Government of the Federation, David Babachir Lawal, says the Federal government borrows an average of N600 billion every month to augment payment of salaries of workers.
Lawal said this while speaking at the opening ceremony of the 63rd General Church Council (GCC) of Evangelical Church Winning All (ECWA) held at ECWA headquarters in Jos yesterday April 12th.“The federal government borrows an average of N600 billion monthly and 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. 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 is not enough and the figures is not fixed; it varies from month to month, depending on what enters into the treasury and our own share of it federation account, just like 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”he said
A 16-year-old girl identified as Fati, who regained freedom after spending two years in Boko Haram’s captivity, has explained how teenage girls volunteer to go on suicide missions in order to escape molestation and other forms of hardship under the sect.
Baba is far away China trying to Fix Nigeria’s problem and you all are here creating a funny meme of the President..
E no good oooo. 🙂 – I like it though!
A 60-year-old woman was caned in public in the North-West of Indonesia’s Sumatra Island today after a local district court declared her guilty for selling alcoholic beverages.
About 44 persons were killed in series of attacks by suspected herdsmen in Gassaka and Bali local government areas of Taraba state,
The state government said on Tuesday in a statement issued by Sylvanus Giwa, senior special assistant to the governor on media and publicity.
Contrary to the new making rounds that a student of the University of port-harcourt was shot dead during the protest that erupted yesterday in the institution, the Rivers Police Command has stated that there were no casualties during the protest staged by the students of the university over new tuition fee policy.
Popular Edo female gospel singer, Mrs. Yvonne Omoarebokhae who met a pastor, Pastor Psalm Okpe of Fresh Oil Ministry on Facebook has been confirmed dead by the Police in Benin City, Edo State. Mrs Yvonne Omoarebokhae, was found dead in a hotel in Benoni, GRA in Benin after she met with the pastor.
He said his wife left for Warri on Thursday to perform at the program, and on Friday morning at about 10 am, she called to let him know that she would be home soon.
He said that at about 9:30p.m. on Friday, the police called him using his late wife's phone and asked him to report at Airport Road police station in Benin.