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Nigeria's Buhari says government is short of money | Nigeria's Buhari says government is short of money |
(about 4 hours later) | |
Nigeria's treasury is "virtually empty", President Muhammadu Buhari has said. | Nigeria's treasury is "virtually empty", President Muhammadu Buhari has said. |
He vowed to recover billions of dollars "stolen" under previous administrations. | |
Mr Buhari held talks with state governors over the lack of money to pay government workers their salaries. | |
He and his All Progressives Congress won elections in March, ending some 16 years of rule by the Peoples Democratic Party. | |
He was sworn in less than four weeks ago, taking over from Goodluck Jonathan, who had been in office since 2010. | He was sworn in less than four weeks ago, taking over from Goodluck Jonathan, who had been in office since 2010. |
"The days of impunity and lack of accountability are over," he told state governors. | |
"The next three months may be hard, but billions of dollars can be recovered, and we will do our best," he added. | |
In an earlier briefing with journalists, he said it was a "disgrace" that government workers had not been paid for months. | |
African news updates | African news updates |
"This bad management we find ourselves in - we really need your help to protect us from people before they march on us," he said. | |
Vice-President Yemi Osinbajo estimates that Nigeria's debts stand at about $60bn (£38bn). | |
However, former Finance Minister Ngozi Okonjo-Iweala has rejected the claim, saying the debt was much lower and most of it was incurred by states, rather than the federal government, AFP news agency reports. | |
The president won the elections on a promise to tackle corruption, and to lead Nigeria to greater prosperity. | |
Nigeria is Africa's biggest oil producer, but most of its citizens are poor. | Nigeria is Africa's biggest oil producer, but most of its citizens are poor. |
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