FG To Pay Workers’ Consequential Adjustments Arrears In December – Minister

Mrs Zainab Ahmed, the Minister of Finance, Budget and National
Planning says arrears of consequential adjustment for the new
minimum wage will be paid to workers in December.

Ahmed gave the assurance while answering questions from
stakeholders during the highlights and breakdown of the approved
2020 budget in Abuja on Thursday.

She said the Federal Government had made adequate provision to
pay the arrears of the consequential adjustments of the approved
new minimum wage for federal civil servants.

“I want to confirm to you that we have made adequate provision
in the 2020 budget on the issue of minimum wage.

“And we are also planning to pay the arrears of the
consequential adjustments in December, ” she added.

Giving a breakdown of the 2020 budget, the minister said that
the sum of N4.49 trillion would be expended on recurrent
expenditure.

According to her, the sum of N2.465 trillion has been earmarked
for capital expenditure, while N2.453 trillion is projected for
debt servicing..

She said N2.64 trillion was expected to be generated from oil
revenue, while N1.81 trillion was expected to be generated from
non-oil revenue .

The minister put the projected revenue from other revenue
sources at N3.97 trillion, adding that a total of N8.42 trillion
revenue was expected to be generated in the N10.594 trillion
budget.

Ahmed added that N2.175 trillion would be used to finance
deficit, N560 billion for statutory transfer, N273 billion for debt
sinking fund, while N350 billion would be expended on special
interventions. (NAN)