Lagos, 14 Other States’ Debts Hit N1.68trn
The cumulative domestic debts of Lagos and 14 others rose by 153.82 per cent between December 31, 2015 and March 31, 2021, analysis of data obtained from the Debt Management Office has shown.
Each of the states in question...
FG To Finance N5.62trn Deficit With Privatisation Fund, Loans
The Federal Executive Council (FEC) has approved the 2022 – 2024 Medium Term Expenditure Framework and the Fiscal Strategy Paper (MTEF & FSP), which allows the funding of a N5.62 trillion budget deficit through borrowings and...
Reps Raise Supplementary Budget By N86bn, Suspend Loan Request
The House of Representatives, on Wednesday, approved the Federal Government’s 2021 Supplementary Appropriation Bill, raising the estimates from the proposed N895.84bn to N982.73bn.
The House Committee on Appropriations raised the amount by N86.89bn in its report laid...
FIRS Makes Historic N650bn Tax Haul in June 2021
The Federal Inland Revenue Service has raked in over N650 billion in June 2021, the highest revenue realized in a single month since the COVID-19 pandemic started and the assumption of office of the current management.
Executive...
Over N2trn Remitted Through Our Work, Says FRC Boss
The Fiscal Responsibility Commission (FRC) says it has caused over N2tn to be remitted into Consolidated Revenue Account federation account since inception in 2007.
The chairman of the commission, Victor Muruako stated this when he appeared before...
Nigeria Faces Six-year Delay In Achieving SDGs - IMF
Nigeria faces a six-year delay in achieving Sustainable Development Goals, according to the International Monetary Fund.
The Managing Director, IMF, Kristalina Georgieva, said this on Tuesday in a statement titled ‘UN high level political forum on sustainable-development’.
She...
