N511/N516 (updated 20.2.17:close)
buying/selling naira exchange rates per USD
Wednesday, 10 August 2016

During a Tuesday 9 August 2016 town hall meeting in Abuja, Finance minister Kemi Adeosun revealed that the Federal Government of Nigeria spends about 165 billion naira on salaries monthly.

Her words:
"Change can be extremely painful, but we must change.’

"We have a very conservative borrowing programme; we will borrow conservatively so we don’t burden the future generation.

"We must borrow, not like in the past when loans were taken to pay salaries; we will this time, borrow to invest and build our infrastructures."
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