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August 10, 2016

FG to borrow 165 billion naira monthly for workers’ salary – Finance minister

FG to borrow 165 billion naira monthly for workers' salary - Finance minister
During a Tuesday 9 August 2016 town hall meeting in Abuja, Finance minister Kemi Adeosun revealed that the Federal Government of Nigeria spends about 165 billion naira on salaries monthly.

Her words:

“Change can be extremely painful, but we must change.’

“We have a very conservative borrowing programme; we will borrow conservatively so we don’t burden the future generation.

“We must borrow, not like in the past when loans were taken to pay salaries; we will this time, borrow to invest and build our infrastructures.”

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