Nigeria Significantly Increases Military Salaries
Reference News Network reported on August 7 According to AFP on August 4, Nigerian presidential spokesman Bayo Onanuga stated on the 4th that the country will increase military salaries by 30% to 80% to boost troop morale.
This pay raise will benefit approximately 250,000 people. This move comes at a time when many Nigerians are struggling to cope with rising living costs.
Nigeria's inflation rate soared to 30% at one point in 2024, slowing to 15.91% by June of this year, while fuel prices have more than doubled in four years.
Onanuga said, "Officers with the rank of colonel and above will receive a 30% pay increase, which applies to brigadiers, major generals, lieutenant generals, and generals. Warrant officers to colonels will receive a 50% pay increase, and privates to sergeants will receive an 80% pay increase." (Translated by Li Sha)
The Nigerian government announced a salary increase for military personnel on August 4, 2023, with raises ranging from 30% to 80% based on rank. This policy change will affect approximately 250,000 service members and aims to improve morale in the face of rising living costs due to inflation.
- Nigerian government announced a salary increase for military personnel.
- Salary increases range from 30% to 80% depending on rank.
- Approximately 250,000 military personnel will benefit from this increase.
- The announcement was made on August 4, 2023.
- The increase aims to boost military morale amid rising living costs.