Saturday 3 November 2018

Debts/Liabilities inherited by Buhari Admin in 2015:



Pension/Salary Arrears: N740bn

Oil Subsidy Debt: N350bn

Paris Club Overdeductions: $5.4bn

JV CashCall Arrears: $6.8bn

Contractor Debt/EEG Debt: N1.9 Trn

Refunds to States for Roads: N488bn

Total: 7 TRILLION Naira
You can’t understand where we are today without understanding where we’re coming from. At least 7 TRILLION Naira in unpaid debts/liabilities, accumulated between 1999-2015, inherited by Buhari Administration.

All now being paid/settled. Even amidst relatively-low oil prices.
Look at Salaries/Pensions arrears. Examples abound: Nigerian Airways staff laid off 2003/4,unpaid until 2018. Delta Steel Co, Ex-Biafra Police Officers (pardoned since 2000)

See this thread from earlier this year by former Finance Minister @HMKemiAdeosun: https://t.co/3XwNmwr1Qz

No comments:

Post a Comment