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/

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…

Nigeria: FG mobilises ₦15.8trn subsidy savings, spends ₦9.39trn on wages

By Abiodun Folarin WorldStage— The Federal Government has said its single largest expenditure line wage adjustments, at ₦9.39 trillion accounted for a significant portion of the ₦15.8 trillion savings from subsidy removal between June 2023 and December 2025, under the economic reforms implemented by the administration of President Bola Ahmed Tinubu. The government said the ₦15.8 trillion subsidy savings, ₦5.4 trillion accrued to the Federal Gove…