To End The Ongoing Unpaid Salaries’ Crisis, Buhari MUST Borrow – Joda

The Ahmed Joda-led transition committee has urged Nigeria’s president, Muhammadu Buhari to borrow immediately if he must offset the backlog of unpaid salaries.

According to Joda, in order to deal with crippling fuel crisis, and backlog of unpaid salaries by states and the federal government, Buhari must “borrow immediately or use CBN (Central Bank) advances for salaries and fuel subsidies to avoid chaos.”

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The committee revealed further that the handover notes from the Goodluck Jonathan administration showed aggregate contractor liabilities of N4 trillion as at April 2015, out of which the Ministry of Education owed the most at N1.2 trillion, followed by the finance ministry which has N467.7 billion.

According the exclusive report obtained by Premium Times, the committee warned Buhari that it would be irrational to rely on the purported huge balances the former government claimed it left behind.

Among its discoveries, the committee noted, as regards some claims by the former government: “the aging of these liabilities was not provided; a detailed list of contracts was not provided and therefore, some balances maybe double counted (eg contracts funded through debt maybe captured in both MoF and the contracting Ministry); some balances may be disputed.

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“Therefore, liabilities may change once settlement/judgement is reached;  no documentation was provided to confirm if the projects were executed to the agreed specifications; some contracts maybe cancelled or terminated.

“The mandate of this Task-Force is to confirm the existence of the liability and authenticate the accuracy of information provided in the handover notes,” it said.

“The Government should only recognise the liabilities verified and confirmed by this Task-Force.”

In a related development, the transition committee has asked the president to sack the last-minute appointees by the immediate past president, Jonathan, especially after losing the March 28 presidential election.

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