Latest
FG allocates N470bn to payment of salary increase for lecturers in 2023 budget
The Minister of Finance, Zainab Ahmed, at a media briefing on Wednesday in Abuja, disclosed that Federal Government allocated N470 billion Special Fund in the 2023 budget for university revitalisation and payment of salary increase of lecturers.
She noted that N300 billion is allocated for university revitalisation and N170 billion allocated for upward adjustments of the university lecturers’ salaries.
The Minister also stated that N2.05 trillion is allocated to education and N1.58 trillion allocated to health in the budget.
Zainab Ahmed further said that N2.74 trillion is allocated to defense and security, N998.9 billion for infrastructure, and N756 billion for social development and poverty reduction.
The minister gave further breakdown of the 2023 budget in other sectors as presented to the National Assembly a fortnight ago by President Muhammadu Buhari.
-
Featured1 week agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Featured1 week ago2027: APC unveils nationwide campaign timetable, Tinubu to rally in 12 states
-
Business4 days agoNaira faces exchange rate gap as Dollar hits N1,380 on parallel market
-
Business1 week agoCourt dismisses ₦170m Trade Fair contract claim, says Zenith Bank was not a party
-
Latest1 week agoBreaking: NNPCL raises petrol price to ₦1,405 per litre amid discount controversy
-
Featured1 week agoFrom kitchen to Supreme Court: Nigerian’s fight over alleged support for terrorists
-
Football1 week agoMaresca reveals Guardiola’s reaction to Man City’s 4-2 defeat to PSG
-
Business6 days agoNCC launches Internet Governance Working Group to tackle AI risks, boost online safety