FG To Spend N7.76tn On Salaries, Others
The Federal Government’s recently agreed wage with the Labour Congress, salaries to federal workers, and other non-debt recurrent costs are expected to gulp N7.76tn in 2023. This is based on data from the initial 2023 budget and recently signed 2023 supplementary budget. The country’s central government recently approved a N2.18tn budget to augment new expenses, including an agreed wage reward for workers due to the removal of fuel subsidy. When the budget was announced, the Minister of Budget and Economic Planning, Abubakar Bagudu, noted that N605bn has been earmarked for national defense, while N210bn will cover the payment of wage awards. He said, “N605bn for national defense and security is to sustain the gains made in security. It will accelerate the gains in that sector as the funds will be made available to security agencies before the year runs out. “Equally a sum of N300bn was provided to repair bridges, including Eko and Third Mainland bridges, as well as const