Nigeria's 2025 budget sees personnel costs soar 90% to N3.87 trillion, mainly due to a new minimum wage.

Nigeria's 2025 budget has seen a significant 90% increase in personnel costs for state civil servants, rising to N3.87 trillion from N2.036 trillion in 2024. This jump is mainly due to the new N70,000 minimum wage and more political appointments. However, at least 27 states will need federal funds to pay salaries, and some states have not yet implemented the new wage.

5 weeks ago
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