The International Monetary Fund (IMF) is advising the Federal Government of Nigeria to sustain its ongoing economic reforms for the country to get better and achieve the desired economic growth that will lift the majority of citizens out of poverty. 

REA Announces Completion Of N28.7bn Projects From 2023 Budget   The Rural Electrification Agency (REA) yesterday said it has completed N28.7 billion projects out of its N31.7 billion allocation in 2023. Its Acting Managing Director, Engr. Abba Aliyu said this during the presentation of REA 2023...

'FG Spending Exceeds Revenue by 225%' A report by BudgIT, an accountability firm, has revealed that the Federal Government spent three times its revenue in 2023, resulting in a deficit of N13.50tn. In its analysis of the 2023 fiscal accounts from the Office of the Accountant-General...

NSC Saves N31bn from Demurrage Application in Six Month The Nigerian Shippers’ Council (NSC) has said that out of a total requested amount of N50.8bn demurrage applications it received between January and June 2024, the sum of N19.6bn was validated as reasonable for payment leading...

Nigeria's Fiscal Deficit Increased by 0.1% in April – CBN The Federal Government’s fiscal deficit rose month-on-month by 0.1 per cent to N824.79bn in April from N823.91bn in March, the Central Bank of Nigeria disclosed in its April 2024 Monthly Economic Report. A fiscal deficit is...

FG Pays N205bn From N1.3trn Owed Power Generation Companies The federal government yesterday said it had offset N205 billion from the N1.3 trillion debt owed Generation Companies (Gencos) to raise the level of liquidity in the power sector. The government also stated that the noticeable improvement...