Despite Failure To Begin Operations, National Carrier Gets N400m Allocation   The Federal Government plans to spend N400m as working capital on its proposed national carrier which has failed to begin operations and has remained on the discussion table since 2015. It disclosed this in the 2022...

Budget Deficit Rises To N20.64trn Under Buhari     Budget deficit has risen to N20.64tn under president Muhammadu Buhari, according to analysed data from the budget office. The data covered periods from 2016 to 2020. According to the budget office, more than N7.97tn was borrowed from foreign and domestic...

External Reserves Increase By $42bn, Hit 25-month High On Eurobond Inflow   Nigeria’s external reserves have risen to its highest level in 25 months to $42 billion presently due to the inflow of the recent Eurobond issued by the federal government. Although, the Central Bank of Nigeria’s...

2022 Budget: FG Votes N2.14tn for Defence The Federal Government has allocated the sum of N2.14tn to Defence and Security, in the 2022 Proposed Appropriation Bill. According to the Minister of Finance, Budget and National Planning, Zainab Ahmed in her briefing on Friday, the sum allocated...

    The Federal Government has said that it is working on a plan to sanction ministries, departments and agencies if they fail to meet their revenue targets. The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at the Public Presentation and Breakdown of...

Diversification On Course, N3.3trn Revenue Collected From Non-oil Sector In 2021 - FIRS Boss The Chairman of the Federal Inland Revenue Service, Muhammad Nami, has stated that the diversification efforts of the present federal government is yielding desired results. Speaking at the ‘Public Presentation And Breakdown...