Minimum Wage: Nigerian Govt to spend N6.5tn – MTEF
The Nigerian Federal Government has revealed plans for a significant 60% increase in personnel costs for 2025, driven by the implementation of the new N70,000 minimum wage approved in July 2024. This move will raise the expenditure from N4.1 trillion in 2024 to an estimated N6.56 trillion, according to the 2025-2027 Medium Term Expenditure Framework […]
