President Muhammadu Buhari has disclosed that his administration inherited a country that had been robbed to the last coffers, hence leaving an ailing economy that must be nurtured and endured for some time before it stabilises.
He further said his administration borrows an average of N600 billion every month to augment and pay workers’ salaries.
President Buhari stated this at the opening ceremony of the Evangelical Church Winning All, ECWA, 63rd General Church Council, GCC, held at ECWA headquarters in Jos yesterday.
The president, who was represented at the occasion by the Secretary to the Government of the Federation, Engr. David Babachir Lawal, said the government “at most borrows N600 billion on the average monthly. If you look at monies coming from the federation allocations, even for the states, federal government sometimes we get N130billion and sometimes if lucky N200billion and we have an expenditure profile of roughly N800 and N900 billion. Naturally, you need to augment sources from everywhere and from wherever you can find it.
“There are so many avenues; 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 figure is not fixed; it varies from month to month; it depends on what is able to get into the treasury and our own share of it, just like the states; and you remember that there was a time Osun State got N55million in a month from the federation allocation and the state has a salary bill of over 4billion in a month. So the problems are too many.”
He assured all citizens that given the desired cooperation, trust and cooperation, Nigeria would be revived within the shortest possible time.
The president called on the church to join government in its fight against corruption by preaching the gospel that would make people desist from corrupt tendencies and embrace honesty, transparency and accountability.
According to him, this government came into power at the brink of the collapse of our nation, which had over the years been riddled by corruption, insurgency, youth unemployment and economic meltdown.
He commended the immense contribution of ECWA to the development of the country, particularly in assisting the church in prayers which led to a free and fair election and the smooth transition process.
Speaking on unemployment, the president said government was still strategising to open up industrial sector and create employment opportunities for the teeming youths, by encouraging all agencies and parastatals as well as foreign investors to open up more employment opportunities and skill acquisition activities in the country.
He further stressed: “Likewise in the area of our economy, efforts are being geared towards diversification into viable areas of agriculture and solid minerals so as to save our economy from total dependence on oil.”
According to him, “all these efforts require the enabling peaceful environment which cannot be achieved without the sustained prayers of all faith-based organisations of which this church is one.”


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  • vic

    SGF, STOP SPREADING THIS NONSENSICAL ABSURD RUMOUR ON THE PAGES OF NATIONAL NEWSPAPERS.

    SGF, YOU ARE ILLITERATE, YOUR SUMS DO NOT ADD UP. DO NOT FOOL WITH NIGERIANS.

    600 BILLIONS MEANS AROUND 3 BILLION DOLLARS OF SALARIES PER MONTH??? ARE YOU MAD??? MAY BE YOU MEANT 60 BILLION NAIRA PER MONTH??

    CORRECT YOUR FIGURES AND STOP FEEDING DELIBERATE LIES AND MISINFORMATION TO UNSUSPECTING NIGERIANS ABOUT THE ECONOMY OF THE COUNTRY.

    STOP CRYING WOLF WHEN THERE IS NOT ANY.

  • vic

    MR DEADWOOD BUHARI, YOU ARE ONLY NURTURING YOUR POCKETS AND THE POCKETS OF YOUR POLITICAL SYCOPHANTS LEAVING THE POOR MASSES BEHIND ENDURING THE HARDSHIPS. IT IS CLEAR FROM YOUR YOUR EVER SLIMY AND SHIFTY DAILY UTTERANCES AND MANEUVERS THAT YOU ARE A FIRST CLASS THRIFTY MAN , A CHEATER, A DECEIVER AND A WORTHLESS SHIFTY MAN OF NO PROMISE AND NO CHARACTER. YOU ARE JUST FATTENING THE TSA AND OTHER BANK ACCOUNTS AT THE COST OF DAILY MISERIES AND DEATHS OF POOR MASSES OF NIGERIA. YOU ARE PROVING TO BE A WORTHLESS BEAST OF NO SENSITIVITY AND NO CONSCIENCE.

    MR BUHARI, YOU ARE DEAD ON ARRIVAL.

  • vic

    MR BUHARI, YOU INHERITED A COUNTRY WITH 35 BILLION DOLLARS AS RESERVES BUT AFTER ONLY 10 MONTHS OF YOUR PRESIDENCY THE RESERVE HAS BEEN RAPIDLY DEPLETED TO 27 BILLION DOLLARS AND NAIRA GONE TO DOGS. SO, MR DEADWOOD BUHARI WHAT ARE TALKING ABOUT???? YOU SHOULD BE ASHAMED OF YOUR DECEPTION AND FALSE UTTERANCES.

    DO NOT THINK BY REPEAT LIES AND DAILY DECEPTION BY AN ILLITERATE DAURA FOOL LIKE YOU, YOU CAN BRAINWASH NIGERIANS TO ACTUALLY BEGIN TO BELIEVE YOUR WHITE LIES ON THE NIGERIAN ECONOMY TODAY?? THERE IS NOTHING WRONG WITH THE NIGERIAN ECONOMY EVEN TODAY EXCEPT THAT IT IS STILL BEING LOOTED ON MASSIVE SCALE WHICH ONLY YOUR BLOOD THIRSTY ENEMIES WILL REVEAL TO US LATER.