Saturday, May 23, 2015

Buhari govt needs N4tr for salary arrears, subsidy – National chairman of APC Oyegun says

The incoming All Progressives Congress administration will require about N4.1tr to pay part of the debt left behind by the outgoing President Goodluck Jonathan administration. 
National Chairman of the APC, Chief John Oyegun, said this during a retreat for Senators elected on the party’s platform, in Abuja, on Saturday.
He explained that the Buhari administration would require the funds to pay outstanding salaries of public servants at the state and federal levels, unpaid fuel subsidy as well as debt servicing among other expenses.        
Oyegun urged the Senators to be prepared to pass requisite laws at short notice in the course of their duty in the National Assembly in Nigeria’s interest.
According to him, there is not shying away from the truth that there are tough times ahead.
Oyegun said, “While I congratulate all of you on your elections, I must quickly add that I don’t envy you. This is because you are being called to service at one of the most challenging periods in the history of our nation.
“Unparalleled commitment, uncommon patriotism, unprecedented hard work and indeed a reservoir of your innermost strength will be required as our party takes the centre stage in the next few days and begins to implement its programmes for the benefit of the long suffering people.
“Make no mistake about it; the days ahead will be tough, and this is not crying wolf. From the first day of this government, a total of N4.1tr will be required for sundry expenses, including oil subsidy payment, arrears of salaries at federal and state levels and debt servicing, just to mention a few.

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