Business

Yobe state government to give each civil servant N10,000 as “Eid-el-Kabir bonus”  

Governor Mai Mala Buni has approved the disbursement of N695.9 million as Eid-el-Kabir bonuses. 

The move is aimed at alleviating the financial strain faced by civil servants and pensioners in Yobe state as they struggle to celebrate a very important ceremony in the calendar. 

Alhaji Bukar Kilo, the Permanent Secretary at the Office of the Head of Service of the state, announced this decision to journalists in Damaturu on Tuesday. 

According to the statement, N375.9 million out of the location is designated for local government staff and pensioners, while N320 million is set aside for state government employees and pensioners.  

This disbursement comes against the backdrop of a concerning trend in ram prices in different states.  

The economic strain is palpable, with sellers attributing the steep prices to exorbitant transportation costs. Last year’s high prices have been surpassed this year, largely due to the removal of fuel subsidies, which has spiked transportation costs. 

This situation is emblematic of broader economic challenges facing Nigeria, characterized by soaring inflation rates and food prices. 

The depreciation of the naira following the unification of the foreign exchange market has further compounded these challenges. 

In light of these economic realities, the Eid-el-Kabir bonus provided by the Yobe State Government aims to offer financial relief to its civil servants and pensioners amidst turbulent times.