N54tn budget: Experts divided over raise, FG adds N4.5tn agric, infrastructure funds

N54tn budget: Experts divided over raise, FG adds N4.5tn agric, infrastructure funds

Some players in the Nigerian economy have shared different views following the decision of the Federal Government to increase the 2025 Appropriation Bill from N49.7tn to N54.2tn on the back of additional revenues generated by key government agencies. On Wednesday, letters from President Bola Tinubu were read on the floor of the Senate indicating the adjustments in the yet-to-be-passed budget. The President conveyed the budget adjustment in separate letters sent […]

February 6, 2025 12

BUSINESS

17 governors raise minimum wage panels

Seventeen state governors have raised committees to implement the N70,000 new minimum wage for workers across the country. The 17 states which set up the implementation committees are Ogun, Ekiti, Sokoto, Kebbi, Osun, Enugu, Borno, Zamfara, Kogi, Kwara, Gombe, Kano, Taraba, Delta, Rivers, Jigawa and Abia. The development is happening as the Federal Government commenced payment of the new minimum wage to its 1.2 million workers last Thursday. The Accountant […]

September 30, 2024 82

POLITICS

Fuel scarcity looms as depots raise petrol price to N720/litre

Fuel scarcity is gradually surfacing in Lagos and other parts of the country as private depot owners hiked the ex-depot price of petrol from N630 to N720 per litre. This came as fuel scarcity deepened in Abuja and the adjoining states on Sunday with some filling stations dispensing PMS as high as N900/litre. Our correspondents report that a number of filling stations in Lagos, Ogun and some states have run […]

July 8, 2024 42

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