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Tinubu’s administration to spend N7.76tn on salaries, others

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Tinubu's administration to spend N7.76tn on salaries, others

The Federal Government’s recently agreed wage with the Labour Congress, salaries to federal workers, and other non-debt recurrent costs are expected to gulp N7.76tn in 2023.

This is based on data from the initial 2023 budget and recently signed 2023 supplementary budget. The country’s central government recently approved a N2.18tn budget to augment new expenses, including an agreed wage reward for workers due to the removal of fuel subsidy.

When the budget was announced, the Minister of Budget and Economic Planning, Abubakar Bagudu, noted that N605bn has been earmarked for national defense, while N210bn will cover the payment of wage awards.

He said, “N605bn for national defense and security is to sustain the gains made in security. It will accelerate the gains in that sector as the funds will be made available to security agencies before the year runs out.

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“Equally a sum of N300bn was provided to repair bridges, including Eko and Third Mainland bridges, as well as construction, rehabilitation, and maintenance of many roads nationwide before the return of the rainy season.

“The sum of N210bn was provided for the payment of wage Awards. In negotiation with the Nigeria Labour Congress, the federal government agreed to pay N35,000 each to about 1.5 million employees of the Federal Government and that covers September, October, November, and December 2023.”

According to appropriation details from the budget office, N1.01tn of the total budget is for recurrent expenditure with N1.17tn pegged for capital expenditure. The supplementary budget is set to increase the total non-debt recurrent expenditure of the Federal Government to N7.76tn and capital expenditure to N4.53tn.

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The supplementary budget is also set to increase the total budget for 2023 to N19.81tn. When debt servicing is removed, the budget totals N13.26tn. Of the N7.76tn budgeted for recurrent expenditure, at least N4.31tn (55.54 per cent) will be spent on salaries. So far, the government has spent N978.10bn on salaries in the first three months of 2023, based on the 2023 Q1 implementation report.

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It has spent N1.24tn on non-debt recurrent expenditure and N175.45bn on capital expenditure. So far, the government has borrowed N2.30tn to finance its budget, and before signing its supplementary budget, it predicted that fiscal deficit for the year would be N9.01tn.

Recently, the Federal Government decried rising expenditure costs considering its falling revenues. The Accountant General of the Federation, Mrs Oluwatoyin Madein, noted on Wednesday that revenue generation and its collection is dwindling in comparison with expenditure for the government.

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She said, “Inasmuch as the revenue is in this position, the expenditure too has not also been helping matters, especially with the current economic reality where the prices of things are going up regularly.

“The expenditure too is on the rise and definitely the strategies to increase revenue must be worked upon on a continuous basis to ensure that we are having funds to meet the expectations of Nigerians.”

Nigeria’s revenue crisis is well documented due to falling oil production and inability to effectively diversify the economy.

The former Minister of Finance, Budget, and National Planning, Zainab Ahmed, summarised it thus, “Revenue generation remains the major fiscal constraint of the federation.

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EXPOSED: Truth About Peter Obi’s Son Revealed, Close Friend Speaks

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Amidst swirling rumors surrounding Oseloka Obi, the son of Peter Obi, the Labour Party’s presidential candidate for 2023, a new twist has emerged regarding persistent allegations about his gender identity.

In response to a flurry of speculation, Oseloka has taken a stand against the viral claims connecting him to homosexuality, which were sparked by the circulation of photographs featuring him alongside Kent Okwesa, a British-Nigerian based in London. Click link to continue reading.

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MANCHESTER DERBY: Erling Haaland Vows To Revenge Against United

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“We’ve lost two games in a row, it’s not good enough, it’s way too bad,” he said, speaking to Viaplay in Norway. “We need to figure it out, get back to winning ways.

Pep Guardiola’s side are in the bottom half of the Premier League table heading into the clash having lost back-to-back matches against Tottenham and Brighton before the international break. Click link to continue reading.

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REVELEAD: Why Pastor Kumuyi Is Changing Some Deeper Life Principles

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The General Superintendent of the Deeper Christian Life Ministry, Pastor William Folorunsho Kumuyi, has announced a series of changes to some of the long-standing rules of the church, saying many of them were never scriptural but were introduced for administrative purposes.

Pastor Kumuyi, widely regarded as one of the most influential church leaders in the world, is the founder of Deeper Life Bible Church, which began in 1973 as a small Bible study group in Lagos.

UNTOLD STORY: How I Married My Second Wife When She Was 65 – Kumuyi Reveals

Over the decades, the ministry has grown into a global Christian movement. The Lagos headquarters alone attracts over 120,000 worshippers weekly, placing it among the five largest single congregations worldwide. In Nigeria, the church boasts more than one million members with over 5,000 branches, and a further 3,000 branches spread across Africa, Europe, and North America.

Speaking at the church 2025 Global Family and Marriage Conference, Pastor Kumuyi announced modifications to certain marriage rules that had long been regarded as doctrinal. He clarified that many of these practices were never rooted in the Bible but were merely administrative guidelines designed to provide structure.

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One of the major changes is the cancellation of the restriction that prevented a lady from visiting her suitor before marriage. According to Kumuyi, intending couples may now visit each other during courtship, provided they are accompanied by an elder. The long-held six-month mandatory courtship period has also been scrapped. “We just felt you need some time to know one another. And then we said one month will be too short, two months too short. So, why not six months? But it is not from the Bible,” he said.

He stated the importance of Christians being able to distinguish between God’s commandments and church traditions.“As a Christian, you need to be so mature that you know the difference between the law of God and the principles in the church. Six months is all right, but it’s not something inflexible. If we change it to three months, we’re not changing the Bible, because six months is not in the Bible,”

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Pastor Kumuyi also clarified the role of marriage committees in Deeper Life, noting that their purpose was to provide guidance and not to exercise authority beyond what is written in the scriptures. “There’s no marriage committee in the New Testament. We created it to help you, not because we can give you a chapter and a verse. It is church administration,” he stated.

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These changes are seen by people as another step in the ongoing review of church practices that many members and outsiders have often considered too strict. Since founding the church has faced both admiration and criticism for its distinct doctrines. Some of its earlier beliefs and practices have either been misinterpreted or have since evolved:

Technology Use: The church, which once opposed television and modern gadgets, now embraces media and social platforms for evangelism.read the gospel.

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Marriage Rules: Inter-church marriages are now accepted, provided the partner is from a Bible-believing church with a holy standard of living.

Dress Code: The church still emphasizes modesty, but women no longer have to tie scarves at all times, and men are not strictly bound to suits.

Medical Treatment: While rumors once suggested Deeper Life discouraged hospital visits, today members are encouraged to seek proper medical care when needed.

Christmas Celebrations: Although many members spend Christmas at church camps, the church has clarified that celebrating Christmas is not forbidden.

Other misconceptions, such as supposed food restrictions or claims that Pastor Kumuyi had relocated to the UK, have also been dispelled.

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Through these reforms, Pastor Kumuyi is reinforcing his long-held belief that while order is necessary in the church, it must never be mistaken for scripture.

Source: City People

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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 12th September 2025

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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for yesterday 11th September, below. You can swap your dollar for Naira at these rates.

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1550 yesterday 11th September 2025, according to sources at Bureau De Change (BDC).CLICK LINK TO CONTINUE READING

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Aboki BDC

Yemi Cardoso CBN Governor

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2027: Jonathan’s running mate picked as campaign posters hit internet

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The likelihood of former President Goodluck Ebele Jonathan entering the presidential race in 2027 is becoming increasingly apparent, particularly given the recent developments surrounding his potential candidacy.

Reports suggest that Jonathan is discreetly meeting with key political figures across the country, which adds to the anticipation surrounding his possible return to politics. Click link to continue reading.

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2025: Nigeria Missed Out As Ghana Other Meet Top 10 African Countries With Stable Power Supply Emerge

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BREAKING: Tinubu appoints 9 new INEC resident commissioners

More questions have been raised over the incompetence of the power sector in the country as Nigeria as many African countries making significant strides in enhancing their power supply stability by investing in modern electricity transmission networks, advanced grid infrastructures, renewable energy sources, and natural gas.

Their diversification prevents disruption in their electricity distribution. Foreign collaboration and smart technology are also some of the positive factors that support these countries’ power sector. …click link for full list here 

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John Mahama Ghana President-Elect

The Nigerian Electricity Regulatory Commission, NERC, has given the go-ahead to raise the electricity tarrifs for customers in the Band A category.

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