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…
The Federal Government has explained how savings from the removal of fuel and foreign exchange subsidies have been spent, saying the funds have largely gone into servicing debt, paying higher salaries under the new minimum wage, and financing student loans rather than being left idle. Speaking at the 7th African Emerging Markets Forum in Abuja,…
The Federal Government has increased the minimum monthly salary of Nigerian soldiers from ₦49,000 to ₦100,000, a move aimed at improving troop welfare but one that has also triggered widespread debate over whether the raise is sufficient given the country’s economic realities. Minister of Defence Christopher Musa announced the increase during an interview with News…
