“FG can’t meet ASUU’s N92b demand” Ngozi Okonjo-Iweala says

Minister of finance, Ngozi Okonjo
Iweala said yesterday during the
opening of the two-day meeting of
Commissioners of Finance and
Accountants-General of States, that
the federal government can’t meet
the N92billion being demanded by
ASUU.
Ngozi Okonjo-Iweala said
“At present, ASUU wants the
Federal Government to pay N92
billion in extra allowances,
when the resources are not
there, and when we are working
to integrate past increases in
pensions. We need to make
choices in this country as we
are getting to the stage where
recurrent expenditures take the
bulk of our resources and people
get paid but can do no work.
Since I assumed office, the
share of recurrent expenditure
in our total budgets had
increased astronomically. In
fact, recurrent expenditure
accounted for about 77.2 per
cent of the federal budget and
we are now working to re-balance
this ratio.
The country is still suffering
from the effect of the 2010
increase in salary. Do we want
to get to a stage in this
country that all the money we
earn is used to pay salaries and
allowances? If the demands of
the university lecturers are met
and we continue to pay them
salaries and allowances, we will
not be able to provide
infrastructure in the
universities.”
So what does this mean? Students
will continue to stay at home?

@iam_yakzloopy

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