- The federal government has hinted that spending on personnel costs will increase by at least 60 percent in 2025
- According to FG, this is due to the implementation of the new national minimum wage and consequential adjustments for all cadres of the federal civil service
- N4.1tn was budgeted as personnel expenditures in the 2024 budget; hence, a 60 percent increase means an additional N2.46tn, for a total sum of N6.56tn; this includes the payment of the new minimum wage and other govt spending
New minimum wage payment included in Tinubus FG N6.5 trillion budget.
Photo credit: Asiwaju Bola Ahmed Tinubu, Nigeria Labour Congress HQSource: FacebookFG projects 60% increase in personnel cost for 20252025 budget: MTEF report gives breakdown of FG’s personnel cost The 2025 FGN personnel cost expenditure is expected to increase significantly to align with the updated National Minimum Wage.The personnel cost for FY2023 was N3.83tn. As of July, the figure for FY2024 is N2.67tn, 65 per cent of the N4.10tn appropriated in the 2024 Budget. For 2025, the personnel cost is projected to increase by about 60 per cent due to adjustments in minimum wage and consequential adjustments, which will directly impact employees salaries.Good news for workers
- New minimum wage: 20 states begin payment to workers – report
- N70k minimum wage: Jigawa governor suspends top aide over unauthorised statement
Rhodes-Vivour insists N85k not enough for Lagos workers
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