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.

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.

The minister called on non-governmental organisations to help the government to cover the spaces it could not.

In his words;

“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.

“The growth rate is very slow and the population growth is fast pacing and increasing. Unemployment is surging in the midst of high inflation.”