• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 12, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Borrows To Pay Salaries — Acting AGF

by Winifred Ogbebo
3 years ago
in News
Anamekwe Nwabuoku,
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government is currently borrowing money to pay salaries, the acting Accountant General of the Federation, Anamekwe Nwabuoku, has said.

Advertisement

At a retreat organised by the office of the AGF for members of the technical sub-committee on cash management, TSCM, in Abuja, on Tuesday, Nwabuoku said there was an increase in government expenditure, due to rising security challenges and the social needs of the citizenry.

He said: “We have to borrow to augment payment of salaries and wages. This shows we are in very difficult times. Government income is highly challenged.

”Records available indicate that due to dwindling revenues, the treasury had to resort to other sources to augment the payment of federal government public servants.

He said there was an increase in government expenditure due to increasing security challenges and social needs of the citizenry.

RELATED

Amb. Zainab Appointed Head Of Delegation To 30th UN 4th World Conference On Women In New York

Amb. Zainab Appointed Head Of Delegation To 30th UN 4th World Conference On Women In New York

1 hour ago
China-based Nigerian Activist Dan Bello Detained, Released At Kano Airport

China-based Nigerian Activist Dan Bello Detained, Released At Kano Airport

1 hour ago

The acting AGF called for deliberate efforts to revert the trend through fiscal discipline, economic diversification, export sector promotion and plugging revenue leakages, among others, to ensure revenue inflow.

“Now that these challenges stare us in the face, you are all expected at this gathering to come out with ideas that will push us through.

“Therefore, we must all, at this retreat, strive towards identifying the challenges to revenue generation and other means of enhancing inflow into federal government cash box; ensuring the cutting down of cost of governance in the most acceptable way and ensuring synergy among and within stakeholders in the sub-committee.”

The acting AGF lauded the efforts of the Minister of Finance, Budget and National Planning, Zainab Ahmed, for her consistent support in improving members’ capabilities.

In his remarks, the Director of Funds, OAGF, Sabo Mohammed,, said a deeper fiscal discipline required that government avoided excessive borrowings.

“It warrants avoiding excessive borrowing and debt accumulation. It’s expected that discussions at this forum will help in improving the capacities of members and stakeholders and getting them more through.

“Therefore, we must all, at this retreat, strive towards identifying the challenges to revenue generation and other means of enhancing inflow into federal government cash box; ensuring the cutting down of cost of governance in the most acceptable way and ensuring synergy among and within stakeholders in the sub-committee.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

2023 Elections: Military Warns Politicians Against Violence

Next Post

Police Rescue Kidnapped Niger APC Chairman’s Wife In Borno

Winifred Ogbebo

Winifred Ogbebo

You May Like

Amb. Zainab Appointed Head Of Delegation To 30th UN 4th World Conference On Women In New York
News

Amb. Zainab Appointed Head Of Delegation To 30th UN 4th World Conference On Women In New York

2025/07/12
China-based Nigerian Activist Dan Bello Detained, Released At Kano Airport
News

China-based Nigerian Activist Dan Bello Detained, Released At Kano Airport

2025/07/12
Police Arrest 109 Illegal Miners In Nasarawa
News

JUST-IN: Taskforce Arrests 41 Suspected Illegal Miners In Niger

2025/07/12
Gov Sanwo-Olu Applauds Peaceful Conduct Of Lagos LG Polls
News

Voting Begins In Lagos Local Gov’t Polls

2025/07/12
Catholic Church And Its Marriage Code
News

Anglican Church Bans Use Of Pulpit For Political Campaigns

2025/07/12
How Consultants Create Hostile Learning Environment For Resident Doctors
News

Welfare: Doctors Set July 21 To Begin Indefinite Nationwide Strike

2025/07/12
Leadership Conference advertisement

LATEST

FCT Senator Ireti Kingibe Announces Defection From LP To ADC

Amb. Zainab Appointed Head Of Delegation To 30th UN 4th World Conference On Women In New York

China-based Nigerian Activist Dan Bello Detained, Released At Kano Airport

JUST-IN: Taskforce Arrests 41 Suspected Illegal Miners In Niger

Gov Eno’s Defection Major Blow To PDP In South-South, Says Aide

Voting Begins In Lagos Local Gov’t Polls

Anglican Church Bans Use Of Pulpit For Political Campaigns

Welfare: Doctors Set July 21 To Begin Indefinite Nationwide Strike

Gov Sanwo-Olu Applauds Peaceful Conduct Of Lagos LG Polls

Imo Gov’t Orders Herders Out Of Owerri Streets  

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.