FG Promises to Pay Outstanding Wage Awards by Mid-August, But Workers Want More Than Another Promise

The Federal Government has assured public servants that outstanding wage awards will be paid before the middle of August, after months of complaints over delayed payments. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, gave the assurance as the government also moved to address outstanding promotion arrears. The immediate significance is obvious: workers…

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Nigeria’s Gazelle 2 Deal Could Give the Federation More Room to Breathe, But It Is Not Free Money

Nigeria’s latest move to refinance Project Gazelle is less significant because of the headline $4.5 billion figure and more because of what the restructuring could change about the country’s access to cash. The National Economic Council has approved a new $4.5 billion financing arrangement, Project Gazelle 2, to refinance the outstanding balance of about $1.5…

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