Thursday, May 6, 2021

Finance Minister Says FG Will Cut Workers Salary to Reduce Cost .


 The Minister of Finance, Zainab Ahmed, said President Muhammadu Buhari plans to cut workers' salary in order to reduce cost of governance which has become a burden on the government's revenue.

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 During an event organised by the Independent Corrupt Practices and Other Related Offences Commission in Abuja on Tuesday, Ahmed said salaries of civil servants will be reviewed. 

The finance minister said President BuharI has tasked the National Salaries, Incomes and Wages Commission to review the salaries of federal agencies as well. 

She said this is important amid declining revenue which is mostly used to service debt. It was revealed that revenue continues to fall below government expenditure. 

Part of the cut in government expenditure will include merging of agencies and doing away with unnecessary spending Ahmed said.

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