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FG Wage Bill Rises by 150% in Five Years, Says Minister of Finance

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Zainab Ahmed

Minister of Finance Says FG Wage Bill Grew by 150% Between 2015 and 2020

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the Federal Government wage bill rose by 150 percent between 2015 and 2020.

The minister disclosed this during the public presentation of the 2021 budget.

She, therefore, reiterated the government position not to pay the salary of any member of the Academic Staff Union of Universities not enrolled on the Integrated Payroll and Personnel Information System.

She said, “You can see from the presentation that I made, in 2015 the wage bill of the government, the salaries of government officials stood at N1.5tn. That has gone up by 150 per cent in what we have in 2020.

“And the wage bill keeps growing on a daily basis. That is the biggest expenditure in our budget and we must pay special attention to it to be able to make sure that at least what we are paying is reasonable, true and fair.

Ahmed said Nigerians should be the judge between the Federal Government and ASUU as she does not understand the reason behind their refusal to join the IPPIS.

She, however, said she understands the plight of oil workers, who at some point refused to join the integrated platform and said those concerns are currently being addressed but wondered why ASUU had refused to shift grounds on the new payment platform.

She said, “If I may remind you, in October 2019 when the President presented the budget to the National Assembly, he said that by the end of October any staff who is not on IPPPIS should not be paid salary.

“So we waited October, January, February before we finally stopped giving excuses and actually stopped the salaries of those not on IPPIS. What is special about this (ASUU) people?

Ahmed added, “If we can capture some tertiary institutions and hospitals who have some peculiarities, what is different about the university system that they cannot be captured?

“But we are discussing and I understand that today (Tuesday), we have a meeting to be regulated by the National Assembly.

“However the bottom line for us is that there has to be a biometric capture of every person that is being paid by the funds of government.”

She added that some institutions claimed they are independent, saying “yes they are, in a manner of speaking. But the salaries are paid by government.

You can only claim independence if you can generate your revenue and pay your salary.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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