The Nigerian government, led by President Tinubu, has successfully secured a significant financial boost from the World Bank in the form of a $2.25 billion loan.

This infusion of funds is intended to bolster the country’s foreign exchange reserves and strengthen the overall economy.

Furthermore, a portion of this loan has been specifically allocated for the purpose of providing assistance to those in need, thereby alleviating some of the financial burden on the country’s most vulnerable citizens.

Finance Minister Wale Edun played a key role in securing this vital financial support, which is expected to be instrumental in driving the success of President Tinubu’s economic reform agenda.

With these additional resources, the Nigerian government is better equipped to implement the necessary measures to foster sustainable economic growth and improve the well-being of its citizens.

Akin Rotimi, spokesperson for the House of Representatives in Nigeria’s 10th National Assembly, has disclosed that lawmakers earn a monthly salary of approximately ₦600,000.

Rotimi made this revelation during an interview with TVC, where he offered to provide his payslip as evidence, asserting that the actual figure could even be slightly lower.

This disclosure comes in the wake of widespread criticism regarding the recent decision to increase lawmakers’ salaries amidst severe economic hardship in the country.

Addressing accusations that legislators live lavishly on taxpayers’ money and are disconnected from the struggles of ordinary Nigerians, Rotimi contended that much of the public’s perception is fueled by misinformation and exaggeration.

“The notion that lawmakers live extravagant lives funded by taxpayer money is largely based on fake news and disinformation,” Rotimi argued, emphasizing the need for transparency and truth in discussions about lawmakers’ compensation.

Recall that the House of Representatives had criticized organized labour in Nigeria for spreading false and exaggerated information about lawmakers’ salaries.

In a statement by spokesperson Akin Rotimi, they emphasized that such actions by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) could harm public trust and the Legislature’s credibility.

The House reaffirmed its commitment to improving working conditions for Nigerian workers and noted the suspension of the labour strike to facilitate ongoing negotiations with the government on a new minimum wage.

President Bola Ahmed Tinubu has appointed Tanimu Yakubu Kurfi as the Director-General of the Budget Office of the Federation.

He succeeds Ben Akabueze whose tenure recently ended.

Ajuri Ngelale, Special Adviser to the President on Media and Publicity, made the announcement, highlighting Kurfi’s extensive experience and credentials.

Kurfi, an accomplished economist, previously served as Chief Economic Adviser to the late President Umaru Musa Yar’Adua from 2007 to 2010.

His career also includes roles as Managing Director/CEO of the Federal Mortgage Bank of Nigeria from 2003 to 2007 and Commissioner of Finance, Budget, and Economic Planning in Katsina State from 1999 to 2003.

Kurfi holds a Master’s degree in Business Administration with a specialization in Finance and a Bachelor’s degree in Economics, both from Wagner College in Staten Island, New York.

President Tinubu expressed his gratitude to the outgoing Director-General, Ben Akabueze, for his dedicated service and wished him success in his future endeavors.

Details later………