FG to pay salaries by 25th of every monthly

Hamilton Nwosa
Writer

Ad

$4.5bn: Court Admits More Evidence Against Emefiele

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by…

NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria…

Oil Eases over 1.5% after Gaza ceasefire

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were…

Ad

The Accountant-General of the Federation (AGF), Mr. Ahmed Idris, Wednesday said the Federal Government would soon begin payment of staff salaries by the 25th of every month, as directed by President Muhammadu Buhari.

Speaking, Idris said, This is going to be given a test, I believe, by this month.’’

The AGF also said the government was working on a new arrangement, which if approved, would ensure payment of salaries before the monthly meeting of the Federal Accounts Allocation Committee (FAAC).

According to him, usually, salaries are paid after the FAAC meeting, where revenue accruing to the federation’s account are shared between the federal, state and local governments.

“There is a standing instruction the president to pay salary on or before 24th or 25th of every month and we will try as much as possible to comply and to abide by that.

“We are taking a step further to make a provision whereby we can accommodate salary payments even before FAAC.

“This is going to be given a test I believe by this month.

“We will go to seek for necessary approval of our political masters to make sure that at least salary and other statutory payments are made even before FAAC.

“Because we can project how much they are and therefore we can prepare and hit the ground running to make them realisable and actualised.

“Even where we delay FAAC, we can still pay salary,’’ he said.

ent resources.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp