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
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