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Nigeria not broke – FG


The Federal Government, yesterday, reacted to insinuation that the nation was broke, saying it is economically healthy.

Minister of Information, Labaran Maku, who briefed journalists yesterday in Abuja, said everyone would attest to the fact that Nigeria is surely not broke. He said the nation has $45 billion in foreign reserves, wondering how a nation with such amount of money would be broke.

Instead, Maku said, “Our reserves are growing and the stability in the economy is because the reserves are growing. That is why people are coming into the country to invest. I can tell you that definitely, Nigeria is not broke.”

Maku attributed the insinuation to the issue of delay in the payment of civil servants’ salary, saying the action was caused by the re-organisation in the process of payment in order to put an end to the issue of ghost payment.

“We are doing a new payment system because we are taking position that those ghosts that are taking billions from the public sector, statistically, the federal public sector, we want to make sure that those ghosts stop taking money from our own purse,” Maku stated.  The Minister also expressed the concern of President Goodluck Jonathan over instantaneous payment of salary, which he said, the President expressed at the airport yesterday morning before travelling to Kenya.

He said: “I was at the airport this morning (yesterday) when the President was travelling to Kenya. The first question he asked was: is it true that salary has not been paid? He was very furious and said henceforth, ensure that this does not repeat itself.”

On the present face-off between the Academic Staff Union of Universities (ASUU) and the Federal Government, Maku said ASUU was not being fair to the Federal Government in its demand.

Maku called on Nigerians to bear with the Federal Government in its quest to resolve the present challenges with ASUU.

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  3. Ebuka Amaechi September 6, 2013 at 9:12 am

    This is welcome Deve. The assurance by the Fed.Govt that Nigeria is nt broke.Then what does Gov. SAWASAN of Benue State,meant that Fed. Govt.Was nt in position to meet the genuine demands by the leadership of ASUU for the Govt. to fullfil the agreement it mutally entered into in 2OO9 wt the Union to release specified amount to the high institutions,in line wt international recomm -ended standard to up grade the glorified Univesities in Nigeria. Or is the Benue State Gov. Postion,informed by the fact that their Children & dependants were all Schooling abroad,even in some African Coumtries where Education is adquately funded by the Govts.Therefore,D corrupt naiga political leadership,do not care or concerned about the plight of over 75% of the total number of Nigerian Students in the High institutions,which sadly is constituted mainly of the poor in Naiga.With this assura nce by the PDP led Govt.of its non-insovency, I anxiously expect the Fed. meet the demands of the ASUU,to enable the Students return to the classes in Sept,OI3.To end the unecessary deaths,and other social vices this strike ,due to the Fed.Govts. Non commitment to the advance/ provisi-on of an enabling environment in all sections of economic endavour to its citizenry,has brought to bear on the innoce-nt Youths of Nigeria.

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