How FG Spent ₦30.64 Trillion on Wages, Debt, Infrastructure in 31 Months

How FG spent ₦30.64 trillion on wages, debt, infrastructure in 31 months

The Finance Minister says additional resources generated during the reform helped to fund higher wages, debt obligations and infrastructure, while acknowledging that household welfare remains a major unfinished task. The post How FG spent ₦30.64 trillion on wages, debt, infrastructure in 31 months – Minister appeared first on Premium Times Nigeria.

FG spent N9.39tn on wage hike, allowances in 31 months

The Federal Government spent N9.39tn on wage hike and allowances for public workers between June 2023 and December 2025, exceeding petrol subsidy savings. Read More: https://punchng.com/fg-spent-n9-39tn-on-wage-hike-allowances-in-31-months-oyedele/

₦15.8trn Reform Gains Help Strengthen Reserves, Salaries, Student Loans – FG

By Omoyeni Ojeifo The Federal Government disclosed that its economic reforms generated ₦15.8 trillion in additional revenue, boosting Nigeria’s net foreign reserves to $34.8 billion. The funds helped cover civil service salaries, pensions, student loans, and welfare programmes for vulnerable households. Prof. Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, shared […]

Nigeria spends N4.14 trillion more on debt service than infrastructure

Nigeria incurred N10.61 trillion in additional debt-service costs between June 2023 and December 2025, about N4.14 trillion more than the N6.47 trillion spent on strategic infrastructure development over the same period. The post Nigeria spends N4.14 trillion more on debt service than infrastructure appeared first on Nairametrics.

Wage Bill surpasses Fuel Subsidy savings as FG spends N9.39tn on workers

Oyedele said personnel-related expenses accounted for N9.39 trillion of the spending, covering wage adjustments, increases in the national minimum wage and various allowances paid to public workers.

Oyedele: Wage Increase Gulped N9.39trn from Petrol Subsidy Savings in Two Years

The federal government says it spent N9.39 trillion on wage adjustments, minimum wage increases and allowances for public servants between June 2023 and December 2025. Taiwo Oyedele, minister of finance and coordinating minister of the economy spoke on Wednesday at a press conference in Abuja on the financial impact of the economic reforms introduced by the administration of President Bola Tinubu. In June 2024, Tinubu approved the increase of mi…