Nigeria: How Govt Spent ₦30.64 Trillion On Wages, Debt, Infrastructure in 31 Months

Nigeria: How Govt 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.

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/

Nigeria’s Reform Windfall Hits N15.8tn As Debt Service, Wages Limit Fiscal Space

Nigeria’s removal of petrol subsidies and overhaul of the foreign-exchange market freed an estimated N15.8 trillion for the federation between June 2023 and December 2025, but rising personnel costs and the naira impact of servicing foreign debt have substantially increased government spending pressures. Official figures released by the Federal Ministry of Finance show that the […] The post Nigeria’s Reform Windfall Hits N15.8tn as Debt Service,…

₦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.