Latest on ASUU strike:FG can’t meet ASUU’s N92b demand’ – Ngozi Okonjo-Iweala says

Minister of finance, Ngozi Okonjo
weala 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?


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