Fed Govt Personnel Cost Rises By 79.48%, Gulps N13.2trn In Four Years   The amount budgeted for personnel costs has increased from N2.29tn spent in 2019 to N4.11tn in the proposed 2022 budget, according to data obtained from the budget implementation report of the Federal Government. This...

Currency In Circulation Rises To N2.84trn - CBN   The currency in circulation rose by N58.36bn to N2.84tn in September from N2.79tn in August, the latest figures obtained from the Central Bank of Nigeria showed on Sunday. The currency in circulation rose to N2.81tn in July from...

COVID-19 Pushes Global Debt To $256trn – IMF   The COVID-19 pandemic pushed global debt to a record $255 trillion in 2020, according to the International Monetary Fund (IMF). The Director, Fiscal Affairs Department of the Fund, Mr. Victor Gaspar, disclosed this during a virtual press conference,...

National Development Plan Implementation To Gulp N350trn – FG The Federal Government has said that the 2021 National Development Plan will require a total of N350tn for infrastructural projects over the next five years. The Minister of State for Finance, Budget and National Planning, Clem Agba,...

Buhari Okays Panel For N2.66trn Recovery From Oil Firms   President Muhammadu Buhari has approved the recovery of debts owed the federation by government agencies and oil and gas companies in the country’s extractive sector. On September 29, 2021, The Economic Confidential reported that the indebtedness of...

Work Begins On N16.39trn Budget As Senate Panel Gets Documents Today   The Senate President, Ahmad Lawan, is expected to forward the 2022 Appropriation Bill to the Committee on Appropriation on Tuesday (today) during the plenary. A member of the panel disclosed this on condition of anonymity...