The grim economic situation in the country appears to be deepening by the day as 27 states in the country are finding it difficult to pay the salaries of their workers.
President Muhammadu Buhari said this in his remarks at the second National Executive Committee meeting of the All Progressives Congress in Abuja on Thursday.
Buhari said this in reference to the unfavourable economic situation in the country, which he said the administration was battling to stabilise.
Buhari added, “On the economy, the fall of oil prices after Nigeria has made itself a mono economy is a disaster. I wonder why people could not believe that in Nigeria, about 27 out of the 36 states, have difficulties in paying basic salaries of their workers.
“If from 1999 to at least 2003, oil was above $100 per barrel and an export of about two million barrels per day, how come Nigeria failed to make some arrangements to cushion the effect of a probably volatile oil market?”
To address this challenge, the President said his administration began the implementation of the Treasury Single Account, which had so far saved the nation over N3tn, an amount, he believed would have been frittered away by corrupt public officials –
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