Nigerians
may need to brace up for harder times as the Governor of the Central
Bank of Nigeria, Godwin Emefiele, has made some gloomy revelations about
the country’s economy.
The CBN governor, in a closed-door meeting with the Senate, disclosed that the Federal Government might not be able to pay its workers’ salaries, effective from October this year if the current economy decline continues.
Emefiele further stated that if the present situation in the country continued, Nigerians would be forced to pay general taxes, which would not exclude petroleum products.
In the meeting, Emefiele presented a comprehensive account of the economy in the last one year which he said not in a good state.
The CBN governor, in a closed-door meeting with the Senate, disclosed that the Federal Government might not be able to pay its workers’ salaries, effective from October this year if the current economy decline continues.
Emefiele further stated that if the present situation in the country continued, Nigerians would be forced to pay general taxes, which would not exclude petroleum products.
In the meeting, Emefiele presented a comprehensive account of the economy in the last one year which he said not in a good state.
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