Wazua
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Nigeria borrows to pay salaries
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Cash crunch worseningQuote:Okonjo-Iweala said the federal government had a projected borrowing allowance for 2015 of 882 billion naira ($4.4 billion, 4 billion euros).
But 473 billion naira had already been used up to meet recurrent expenditures, including salaries of public employees If Obiero did it, Who Am I?
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Expect a similar problem in Kenya soon. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 8/14/2009 Posts: 244
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mnandii wrote:Expect a similar problem in Kenya soon. Because GLJ=UK
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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mnandii wrote:Expect a similar problem in Kenya soon. Why? our economy is a divergent from Nigeria's as North and South are "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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Mwafrica is a cursed man. i.am.back!!!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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That is what happens when you rely on commodity prices to run an economy. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Nigeria borrows to pay salaries
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