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Showing posts with label global oil prices. Show all posts
Showing posts with label global oil prices. Show all posts

Wednesday, 20 April 2016

AGF: FG To Begin Salary Payment on 25th of Every Month

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, says the Federal Government plans to begins payment of staff salaries by the 25th of every month, as directed by President Muhammadu Buhari.

Idris, who disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday, said “this is going to be given a test, I believe, by this month’’.

The AGF also said that the government was working on a new arrangement, which, if approved, would ensure payment of the salaries before the monthly meeting of the Federal Accounts Allocation Committee (FAAC).

According to him, usually, salaries are paid after the FAAC meeting, where revenue accruing to the federation’s account are shared between the federal, state and local governments.

“There is a standing instruction of Mr President to pay salary on or before 24 or 25 of every month and we will try as much as possible to comply and to abide by that.
“We are taking a step further to make a provision whereby we can accommodate salary payments even before FAAC.
“This is going to be given a test I believe by this month.