The federal government has granted 12,000 expatriate quota licences to foreigners seeking to work in Nigeria while treating 2,000 applications from companies.
The Debt Management Office (DMO) on Monday offered for subscription more federal government bonds at N1,000 per unit.
“It is, therefore, extremely horrendous for a minister of the Federal Republic of Nigeria to pronounce salary slash for Nigerian workers currently.”
According to the DMO, the first offer is a two-year federal government savings bond due on May 12, 2023, with an interest rate of 7.753 per cent per annum.
A member of CBN’s Monetary Policy Council hinged his support of the plan on the non-reflection of the increase in crude oil prices on government oil revenue.
“There will be a supplementary budget. The first one will be in March.”
“Inflation is high at 16.7 percent, and we’ve seen inflation inching up gradually.”
The federal government got N21.950 billion, states received N73.168 billion, and LGAs got N51.218 billion.
Over 100,000 Nigerians have been infected by the highly contagious virus with at least 1,000 deaths nationwide.
Mr. Ikioda said 350 individuals alone account for N3.6 trillion, representing 80 percent of the N4.4 trillion of the total outstanding debt.
