Africa’s largest economy is unable to pay salaries
Friday, 11 13 2020, Category: Economy, Country: Africa
According to a local report in Nigeria, the government may be unable to pay the salaries of state employees starting this month, after President Muhammadu Buhari agreed last year to raise the minimum wage to 30,000 naira ($ 79).
“This Day” newspaper, published in Lagos, quoted the Director General of the Budget Office, Ben Akabuisi, as saying that about 60 percent of the total of 700 federal government agencies cannot pay wages due to lack of funding. This comes just two days after Festus Ossevo, president of the Association of Senior Petroleum and Natural Gas Employees in Nigeria, announced that a national strike organized by the trade union at the level of managers comes to demand 3-month wages owed to members working in state institutions.
Nigeria was overtaken by South Africa; To become the largest economy on the African continent, after expanding last year at the fastest pace in 4 years.
Source: al Khaleej Today