BREAKING: President Buhari Finally Approves Increases of NYSC Allowance
The President Muhammadu Buhari-led administration has approved the increase of the National Youth Service Corps (NYSC) allowance from 19800 to 30,000.
Speaking to newsmen at a press conference on Thursday, the minister also revealed that states are to share N649 billion – the final tranche of the Paris Club Refund.
However, she noted that debtor-states will have to settle their debts soon, adding that the Federal Government plans to begin the final phase of the debt refund.
“The total sum of N649.434 billion was verified by the ministry as the outstanding balance to be refunded to the state governments,” Ahmed said.
She also revealed that the payments made by the Central Bank of Nigeria (CNB) as at March stood at N691.560 billion.
On Nigeria’s growing debt profile, Ahmed stated that the debt increase from N12.2 trillion to N23.0 trillion is by design.
The minister lamented that generating revenue was a problem for the Buhari-led government.
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