How Nigeria plans to fund N5.01trn budget deficit through new borrowing, proceeds from privatisations and drawdowns on loans The Rural Electrification Agency, (REA), a body charged with electrification of rural and unserved communities in Nigeria, is set to spend over a billion Naira (USD 2.4 million) on payment of salaries, Refreshment, Welfare Packages among others in 2022. Platforms Africa, which exclusively gathered this, reports that the spending pattern is also contained in the breakdown of the 2022 Appropriation Bill currently before the National Assembly. Recall that President Buhari proposed…
Read MoreRural Electrification Agency Earmarks N1bn For Refreshment, Salary, Others
