FG relies on customs and FIRS revenue to pay salaries

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Minister of State for Labor and Employment, Festus Keyamo, says the Chairman, Major General Muhammadu Buhari (Retired), is heavily dependent on funds generated by the Nigerian Customs Service and the Service federal tax.

Keyamo's statement corroborated an earlier report by the Nigerian National Petroleum Company Limited on July 20 that it would no longer hand over money to the Federation Accounts Allocation Committee to be shared monthly with the three levels of government.

The NNPC based its decision on its latest transition from a public company to a limited liability company, adding that all monetary arrears to the committee were owed by the old company and not the new oil company.< /p>

Keyamo made the statement during the inauguration of the Progressive Forum at the Abuja International Conference Center on Wednesday.

"NNPC don't pay any more money to FAAC. Hope you know that? All the money they make goes into grants. So the government has to rely on revenue from customs, FIRS and others to pay salaries and carry out other activities. Go and check gas prices in the United States and the United Kingdom. They have more than quadrupled or quintupled, even in oil-producing countries," said he said.

Even as the spokesperson for the APC Presidential Campaign Council revealed that Buhari's sympathy for the masses is the only reason why fuel import subsidies have failed. not deleted.

According to him, the president has proposed to phase out the subsidies by next year after some level of stopgap measures were put in place to cushion the effect.

He said, "If it was another government in power, I tell you there would be no subsidy. But President Buhari wants certain measures to be put in place to cushion the effect on the poor before it is removed. Indeed, there is no longer any justification for keeping the subsidy as I speak to you today.

“We are in government and we cannot hide it from the masses. We need only repeat that subsidies have eaten away at our economy deeply. keep the subsidies alive. He believes that it is necessary to put measures in place to cushion the effect on the poor before it is removed.

"That's why he pushed it back until next year. It's no secret.

“Unlike those who want a free market economy, we believe that there must be intervention in the lives of the poor and the middle class. This philosophy is quite different from what other political parties propose. That's why we have a lot of intervention programs such as conditional cash transfers to the very poor. This is the philosophy of Buhari and APC."