The Federal Government has declared that a growing population is causing it to face significant difficulties and a revenue shortfall.
Atiku Bagudu, the minister of budget and national planning, stated that the government is having trouble paying its employees’ salaries.
In a speech in Abuja, the Minister urged non-governmental organisations to assist the government in filling in the gaps.
Bagudu bemoaned that Nigeria’s population is rapidly growing and added that unemployment is rising amid a high inflation rate. He was represented by the ministry’s Director of International Cooperation, Dr. Sampson Ebimaro.
“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.
The involvement of Non-State Actors (NSAs), according to Dr. Sarah Alade, a former acting governor of the Central Bank of Nigeria, is essential to the federal government’s goal of rescuing millions of Nigerians from poverty.
Alade, who served as Special Advisor on Finance and Economy to former President Muhammadu Buhari, urged the government to work with NSAs to advance economic development.
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