Fake Agencies Could Undermine ₦9.5trn Salary, Allowance Payments — FG

The federal government warned that fake agencies and personnel could undermine increased salary and allowance payments to civil servants. Finance Minister Taiwo Oyedele said incremental payments have reached between ₦9.4 trillion and ₦9.5 trillion, highlighting fiscal-management concerns with potential implications for Nigeria’s macroeconomic environment and equities.