Fed Govt Plans N854.8bn For Pensions, Gratuities In 2023   The Federal Government plans to spend N854.8bn on pensions, gratuities and retirees’ benefits in the 2023 budget. President Muhammadu Buhari disclosed this while presenting the 2023 appropriation bill to a joint session of the National Assembly in...

NSITF Pays N1.7bn Claims, Compensation To Rehabilitate Injured Workers   The Nigeria Social Insurance Trust Fund (NSITF) yesterday said it spent over N1.7billion as claims and compensations for rehabilitation of injured workers, death benefits as well as compensation for loss of man hour to their employers...

NNPC Profit Rises to N674bn in 2021 - Kyari The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, has disclosed that the NNPC as a corporation profit after tax rose from N287bn in 2020 to N674bn in 2021. Kyari, who disclosed this at...

N3.92trn Fuel Subsidy Higher Than Health, Education, Defence Budgets   The N3.92tn spent as subsidy on Premium Motor Spirit, popularly called petrol, from January 2020 to June 2022 is higher than the cumulative individual federal budgets for health, education and defence during the 30-month period. Findings show...

NPA Remits N490bn To FG In 11 Years   The Nigerian Ports Authority (NPA) said it remitted N490.229bn into the Consolidated Revenue Fund of the Federal Government between 2011 and 2022. The Managing Director of NPA, Mohammed Bello-Koko, while addressing journalists at the agency’s head office in...

FG Borrowed N1trn To Fund Fuel Subsidy - DMO   The Federal Government has borrowed N1 trillion to subsidise petrol this year, the Debt Management Office (DMO) said yesterday. Its Director-General, Ms. Patience Oniha, spoke during the presentation at the Executive Course on Budgeting and Fiscal Transparency...