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Onu: Nigeria Spends over $6bn on Emoluments Annually

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Onu: Nigeria Spends over $6bn on Emoluments Annually




Minister of Science and Technology, Mr. Ogbonnaya Onu

By Adedayo Akinwale in Abuja

The Minister of Science ‎and Technology, Dr. Ogbonnaya Onu, on Tuesday lamented that Nigeria spends over $6 billion on emoluments annually, out of which $3 billion leaves the shores of the country through capital flight, thus putting the naira on additional pressure.

The minister revealed this while declaring open the 2017 Nigerian Building and Road Research Institute (NIBRRI) International Conference with the theme: “Emerging Materials and Technologies for Sustainable Building and Road Infrastructure.”

He decried the enormous housing challenges being faced by Nigerians living in rural areas and city slums in providing decent, efficient but cheap accommodation for themselves and members of their families.

The minister noted that the Institute’s research should concentrate on building materials and methods that could help Nigeria have access to a decent accommodation.

Onu stated: “The training of artisans plays a direct role towards mitigating the challenges of capital flight. It is disheartening that an estimated one million artisanal labour are imported from other ‎ countries like Togo, Benin Republic, Ghana, Cote d’Ivoire, China and Korea.”

 

Details later…

 

 




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