Acting Accountant-General of the Federation, Anamekwe Nwabuoku, has said
Nwabuoku, who disclosed this at a retreat organised by the office of the
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.
"The theme and objective of the retreat couldn't have been better captioned, given the fiscal challenges at the moment.
"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.
"There is an increase in government expenditure due to increasing security challenges and social needs of the citizenry."
The acting
"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."
Speaking further, the acting
On his part,
"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 acquainted with
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