Personnel costs, debt servicing exceeded govt 2022 revenue – W’Bank
Personnel costs, debt servicing exceeded govt 2022 revenue – W’Bank The Federal Government’s spending on personnel costs and debt servicing exceeded total revenues in 2022,
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The banking industry involves borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment.
It is majorly used to keep money safe for customers, offer customers interest on deposits, protect against money losing value against inflation, lend money to firms, customers and homebuyers, and offer financial advice and related financial services, such as insurance
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