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Nairaland Forum / Nairaland / General / Politics / FG Might Stop Paying Workers’ Salaries - CBN (10940 Views)
FG To Stop Workers Salaries Over Payroll System Default / Current Status Of Workers Salaries In South West Nigeria / Buhari Set To Increase Workers' Salaries - Daily Times (2) (3) (4)
FG Might Stop Paying Workers’ Salaries - CBN by Icetech: 1:42pm On Jul 20, 2016 |
Nigerians would be forced to pay general taxes which would not exclude petroleum products from October if the economic condition in the country does not improve The CBN governor, Godwin Emefiele, in a presentation told senators that the country’s economy has been characterised by external shocks, sharp decline in commodity prices and geo-political tensions along important global trading routes among others – The IMF says it expects Nigeria’s economy to contract by 1.8 percent this year, after having forecast in April a 2.3 percent expansion The federal government might not be able to pay salaries of its workers with effect from October this year if the current economy decline continues. According to Vanguard, this disclosure was made by the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Tuesday, July 19, during a closed-door meeting with senators over the state of the economy. The CBN governor who told senators that the economy of the country was in a bad state said if the present situation in the country continued, Nigerians would be forced to pay general taxes which would not exclude petroleum products. In the meeting which lasted for an hour, Emefiele presented a comprehensive account of the economy in the last one year which, according to him, had been characterised by external shocks, including sharp decline in commodity prices, geo-political tensions along important global trading routes and tightening monetary policy in the United States. After the presentation, some senators asked a host of questions and raised issues concerning the banking system, the stagnant economic growth and the gradual rise in inflation among others, which the CBN governor responded to. Following an exhaustive response by both the governor and his team, the Senate acknowledged that these are, indeed, difficult times all over the world and not just in Nigeria. It also backed the monetary policies of the CBN, noting that at the end of the day, such policies would help to increase local production, create jobs in the country. Meanwhile, the International Monetary Fund (IMF) on Tuesday, July 19, said a combination of plunging oil revenues and weakened investor confidence will push the Nigerian economy into recession. The IMF said it expects Nigeria’s economy to contract by 1.8 percent this year, after having forecast in April a 2.3 percent expansion. The decline in the nation’s economy has been attributed to the renewed bombing of pipelines by militants in the Niger Delta region and the 70 per cent decline in oil prices from about $116 per barrel in June 2014 to about $30 per barrel earlier in the year. https://www.naij.com/897850-economic-crisis-fg-might-stop-paying-workers-salaries-soon.html |
Re: FG Might Stop Paying Workers’ Salaries - CBN by dadebayo1(m): 1:45pm On Jul 20, 2016 |
Chaiiiii..... Niger bridge is falling down..... We have not received salary in oyo state for six months now.. Something is definitely wrong with the federation, for how long will we continue to patch? Time to declare an emergency is now delay might be too late cos we are on a free fall.... #restructure now 12 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by NavierStokes(m): 1:45pm On Jul 20, 2016 |
Okay: The CBN is still breathing "If" at a time when confidence and resoluteness is expected, if the people in authority speak with probabilities how can they instill confidence in the masses. Imagine the wahala 15million people have dragged 165 million into. 29 Likes 2 Shares |
Re: FG Might Stop Paying Workers’ Salaries - CBN by paragon40(m): 1:46pm On Jul 20, 2016 |
It has happened... Apc government fucking with devil no condoms... Doing it evil 18 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Greatfuture: 1:46pm On Jul 20, 2016 |
Does this make sense, where are all the economist The APC led government need help 11 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Nobody: 1:48pm On Jul 20, 2016 |
It has never been this worst.If it wasn't for corruption that pervaded the last administration and their subsequent removal from power by the electorates,there wouldn't have been an economic recession if they were still in power.That does not mean that corruption is not going on underground under this mallamm.Pmb is the real clueless one. 20 Likes 2 Shares |
Re: FG Might Stop Paying Workers’ Salaries - CBN by AntiMahdi: 1:48pm On Jul 20, 2016 |
Proudly 5% Yeye people thought they can use their boko haram to get to power and from there continue their islamofascist agenda. GOD dey. 36 Likes 2 Shares |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Tenkobos(m): 1:49pm On Jul 20, 2016 |
Enjoy the change baby boo - bae boo, bae boo. Cause even the change need a change - a change, a change. 17 Likes 3 Shares |
Re: FG Might Stop Paying Workers’ Salaries - CBN by AntiMahdi: 1:49pm On Jul 20, 2016 |
Love Machine: The rubbish above has been moved to the appropriate waste bin www.nairaland.com/attachments/3996154_capture_png78f16eee552a85331b9f4f38cd4a8a5f 35 Likes 4 Shares |
Re: FG Might Stop Paying Workers’ Salaries - CBN by malikombi(m): 1:51pm On Jul 20, 2016 |
See talk...... If FG fail to pay her workers salary for one month lasan, they are sending the entire population to doom; especially at this moment when majority of her states can't pay and some are owing as many as 9 months. Don't try that sh*t abeg 8 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by AntiMahdi: 1:52pm On Jul 20, 2016 |
APChangeZombie: 43 Likes 2 Shares |
Re: FG Might Stop Paying Workers’ Salaries - CBN by sammyj: 1:52pm On Jul 20, 2016 |
Ok. If this story is true workers may be in for it this year. My advise for workers to resign and embark in mass agriculture.!!! 7 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by mazichika: 1:53pm On Jul 20, 2016 |
I saw it coming. 5 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Nobody: 1:53pm On Jul 20, 2016 |
The problem with this administration is incompetent economic team not pipeline vandals as this malamm put it. 7 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by great664(m): 1:53pm On Jul 20, 2016 |
Let's blame GEJ. Instead of him to rig election and continue stealing he refuse and handover to Daura Bast.ard gworo chewing mofos Now see where we dey? Corruption era better to Integrity era. When the head is a sinner the family suffer. Oluwa help me and forgive me from sins of the leaders... Quote me wrongly and honestly if ur Acct Bal last year and today na the same 12 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by AntiMahdi: 1:53pm On Jul 20, 2016 |
Where are those kwaraRats and Osun Plebs that were rejoicing when oil prices where going down? Are they not the same set of ingratious parasites that are crying and throwing tantrums over the Niger Delta Avengers' bombing of oil installations? I dey laugh ! 14 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Intrepid01(m): 1:54pm On Jul 20, 2016 |
Greatfuture: I totally agree that this Government started doing what is required to revamp the economy very late because of the stubbornness of the President. But please guys a country's economy does not collapse in 1 year, what you are seeing is a reflection of what has been happening over the years. The price of crude oil started declining during GEJ's govt and continued sharply afterward, no single person can be blamed for the decrease in price of crude oil. Election has come and gone, you people should forget about the election and move on. If you have a reason to blame the president, do it without being petty. Whether we all like it or not, Buhari is the President of Ibo, Hausa, Yoruba and collectively Nigeria. so stop all this attack that has helped no one. 3 Likes 1 Share |
Re: FG Might Stop Paying Workers’ Salaries - CBN by greatgod2012(f): 1:55pm On Jul 20, 2016 |
This must be the biggest joke of the century. APC=ALL PROMISES CANCELLED. 9 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by AntiMahdi: 1:55pm On Jul 20, 2016 |
Intrepid01: The bin will be full of this kind of rubbish above before we get to page 1 of this thread www.nairaland.com/attachments/3996154_capture_png78f16eee552a85331b9f4f38cd4a8a5f 22 Likes 1 Share |
Re: FG Might Stop Paying Workers’ Salaries - CBN by ShowYourCertificate: 1:57pm On Jul 20, 2016 |
Omenka! Is this true? 13 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by greatgod2012(f): 1:57pm On Jul 20, 2016 |
It seems this our President and his party are just starting with us o. We don enter one chance! 5 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Intrepid01(m): 1:58pm On Jul 20, 2016 |
[quote author=AntiMahdi post=47724907][/quote] YOu are very funny.............tell me is SSner excluded fromt he hardship in the land? We are all in it together...There is an adage that says..."A Mallam that says there will be farmine should remember that his Children too wont eat paper?................WE ARE ALL IN IT TOGETHER, whether you be kanu, Tonye, Adamu or Taju. |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Izonpikin: 1:58pm On Jul 20, 2016 |
hmmmm... |
Re: FG Might Stop Paying Workers’ Salaries - CBN by NavierStokes(m): 1:58pm On Jul 20, 2016 |
AntiMahdi: And I support the motion. Where's @onatisi to "third" this motion. 1 Like |
Re: FG Might Stop Paying Workers’ Salaries - CBN by TheArchangel(f): 2:00pm On Jul 20, 2016 |
The final nail to the coffin of Nigeria. Any penny/ shishi or farthing that will be owed to the federal civil service commission in the name of "owing of salaries" will lead to secrets being leaked and sold out of hunger. I presume and also guess that no political jobber will want to hear the original results on how INEC selected them to rubbish our country. 13 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by AntiMahdi: 2:01pm On Jul 20, 2016 |
Intrepid01: Not for long... Abi you never hear say by August 1st we leave your useless parasitic nation? Better start farming yam because there will be an international market to the south of your useless nation soon. Whatever pains we in the SS will be going through is like labour pains. AS FOR YOUR TYPE OF HUNGER, THE THING STILL DEY CONTRACT KWARSHORKO FROM SOMALIA 13 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Intrepid01(m): 2:02pm On Jul 20, 2016 |
greatgod2012: It is not APC's fault.............APC doesn't control the price of crude oil in the world or the Govt of Buhari..........If you want to blame the Govrnmt be objective because WE AR ALL IN IT TOGETHER. |
Re: FG Might Stop Paying Workers’ Salaries - CBN by ahaz: 2:04pm On Jul 20, 2016 |
dadebayo1:it is becoming very clear ny day that ferdralism is d only hope nija has and we keep pn looking for a short term solution to a long term problem..yet the north remained adamant,our leader appear confused and we cituzens are not left out in d stupidity mix..we will all have ourselves to blame if nija fail as a nation cos,am seeing if already. 5 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Intrepid01(m): 2:04pm On Jul 20, 2016 |
AntiMahdi: My friend stop appearing like an illiterate cos I can assume you aren't one...even a pry school kid wont regard the empty seccession date as anything serious. whether you agree or not....WE ARE IN IT TOGETHER 1 Like 1 Share |
Re: FG Might Stop Paying Workers’ Salaries - CBN by BiafranPrince: 2:04pm On Jul 20, 2016 |
"When Buhari a Fulani man who doesn't know anything about economy but only how to drive cattle from place to place, is through with ZOO's economy, you will call me here and tell me what I said " Mark my words because anything I say if it doesnt happen, Chukwu Okike Abiama always cause it to happen, Somalia will be a paradise compared to the zoo. N.K July 17th, 2015 . 15 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Nobody: 2:05pm On Jul 20, 2016 |
After increasing fuel,diesel, gas and kerosene prices and the general increase in the price of goods that always follows it.Is this abokki telling us that he has not made trillions of naira from that?Before this man kill us all with his atomic bomb policy we have to kill him first. 12 Likes |
Re: FG Might Stop Paying Workers’ Salaries - CBN by Intrepid01(m): 2:06pm On Jul 20, 2016 |
BiafranPrince: Oga your date is wrong.....you actually appear confused? today is 20th not 17th 1 Like 1 Share |
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