The Federal Government has revealed that it is facing boundless obstacles and revenue shortage amid a growing population.
This is as it complained that it was struggling to pay salaries because “there is no money”.
Speaking in Abuja, Minister of Budget and National Planning, Atiku Bagudu, prompt non-governmental organisations to help the government to cover the spaces it could not.
Bagudu, represented by the ministry’s Director of International Cooperation, Dr. Sampson Ebimaro, complained that Nigeria’s population is fast increasing, adding that unemployment is rising amid high inflation rate.
“Government faces enormous challenges especially now; the government is facing a revenue deficit. There is no money anywhere in the country; the government is just managing to pay salaries”.
“The growth rate is very slow and the population growth is fast pacing and increasing. Unemployment is surging in the midst of high inflation,” the minister said.
Dr. Sarah Alade, a former acting governor of the Central Bank of Nigeria, has said participation of Non-State Actors (NSAs) was key to the federal government’s target to lift millions of Nigeria out of poverty.
Alade, who was also Special Adviser to ex-President Muhammadu Buhari on Finance and Economy, urges the government to collaborate with NSAs to achieve economic development.
