Vice President Yemi Osinbajo has said that the Federal Government of Nigeria did not support the idea of spending over seventy percent of the country’s annual budget on salaries.
According to News Agency of Nigeria (NAN), Osinbajo made this known while speaking during a town hall meeting with meaningful Nigerians in Abuja about the ongoing strike by the Academic Staff Union of Universities (ASUU).
“We are dealing with a population of about 200 million people who depend on a budget of about N8.6 trillion (2017) and of that amount, seventy percent of it goes to salaries and overheads, and it goes to less than two million people.
“It is impossible to answer to all of the monetary needs of people by the size of the federal budget,” the VP said.
Funmilola Bolaji is a Researcher, Writer and a trained Educationist; she’s the editor of Campusbiz Journal. You may want to reach her via for Campusbiz Journal related inquiries only.
