The dire economic situation dogging many Nigerians is about to get worse following reports that President Muhammadu Buhari has given the go-ahead to slash the salaries of civil servants in the country.
The Minister of Finance, Zainab Ahmed said Buhari had directed the National Salaries, Incomes and Wages Commission to reduce the salaries of workers and employees of several agencies to save costs.
Ahmed revealed this on Tuesday when she spoke at a policy dialogue on corruption and cost of governance in Nigeria organised by the Independent Corrupt Practices and Other Related Offences Commission, ICPC, in Abuja.
The Minister, therefore, called on the federal government agencies to work towards cutting down cost, adding that the administration plans to remove certain items from the budget to reduce the cost of governance.
She said, “We still see government expenditure increase to a terrain twice higher than our revenue.
“The nation’s budgets are filled every year with projects that are recycled over and over again and are also not necessary.
“Mr President has directed that the salaries committee that I chair work together with the head of service and other members of the committee to review the government payrolls in terms of cutting down on cost.”