FG Borrows From CBN To Pay Salaries - Oshiomhole

Posted by Odinaka on Fri 03rd Jul, 2015 - tori.ng

Governor Adams Oshiomhole has said the Federal Government would have been struggling to pay salaries of civil servants if it were not consistently assisted by the Central Bank

Edo State Governor, Adams Oshiomhole, who was hosted by Channels Television’s Sunrise Daily, has disclosed that the Federal Government would have been struggling to pay salaries of civil servants if it were not consistently assisted by the Central Bank of Nigeria (CBN) to raise funds from the bond market.

The governor, in reaction to questions bordering on the matter and some states’ inability to pay their workers, described the Federal Government as being broke, saying it would have been in a worse shape than that of the states if it had not resorted to borrowing to pay wages.
"With all due respect to the former Minister Okonjo-Iweala, she knows how to play around with statistics. I have made the point (that) she keeps opening part of the pages and not the entire book. The logic of transparency is that every minister must publish in full what is accruing to the Federation Account month to month and what is distributed to them. What she has been publishing is that this is what went to the Federal Government, this is what went to the state government and this is what goes to the local council. What she never published simultaneously is what accrued during the period out of which this was distributed."
On states, which owe salary arrears to their workers, Oshiomhole said:
"Every employer of labour has an obligation, a contractual obligation to pay those who work. The Bible says a labourer is entitled to his wages. Once you have laboured, it has to be paid for and you don’t pay wages because you are rich and you are able to afford it, you pay wages because the people have worked for it. It is not a gift from a kind-hearted employer; it is an obligation; it is a consequence for work."

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