The National Assembly has reduced the allocation for minimum wage and salary-related payments for Ministries, Departments, and Agencies (MDAs) by 45% in the approved 2024 budget.
President Bola Tinubu initially proposed a budget of N1 trillion for Public Service Wage Adjustment for MDAS (including Arrears of Promotion and Salary Increases & Payment of Severance benefits and Minimum Wage Related Adjustments).
However, the approved budget by the National Assembly, now signed by the president, reflects a significant reduction to N550 billion for the same fiscal item, indicating a decrease of N450 billion from the proposed amount.
https://nairametrics.com/2024/01/01/202 ... ion-by-45/
2024 Budget: NASS slashes minimum wage allocation by 45%
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When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰
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They'd rather slash minimum wage for civil servants than to reduce their own jumbo pay. 
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°
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