Buhari Will Spend N4.1trillion From His First Day As President. -John Oyegun

The National Chairman of the All Progressives Congress, Chief John Oyegun has said today that Nigeria’s president-elect, Muhammadu Buhari will have to spend N4.1 trillion on servicing debt, paying salaries and making oil subsidy payments.

Oyegun in his speech titled, ‘Extraordinary Times Require Extraordinary Action’, noted that in highlighting the financial burden the party would inherit, he was not making excuses or lamentations. He was merely laying bare the ‘the enormity of the challenges ahead’.

“From the first day of this government, a total of 4.1 trillion Naira will be required for sundry expenses, including oil subsidy payment, arrears of salaries at federal and state levels and debt servicing, just to mention a few,” he said.