Nigeria Can Service N46tn Debt - Ex Minister The former Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the public debts remain sustainable as the country has adequate capacity to repay its debts. While speaking at her valedictory ceremony in Abuja, Ahmed...

FG Spends N613bn Sukuk Loan on Roads, Bridges The Federal Government has disclosed that it spent N612.56bn for the construction and rehabilitation of 77 road projects and 23 bridges with funds raised through through Sovereign Sukuk. This was made known by the Minister of Finance, Budget...

FG Retains N4.23trn Revenue, Records N5.33tn Deficit in Eight Months The Federal Government has has disclosed that it recorded a deficit of N5.33tn between January and August 2022, which is N430.82bn above the prorate level. FG spent N9.56tn from January to August 2022, out of N11.55tn...

Buhari Budgets N133bn for Aso Villa, N169bn for NASS, N150bn for Judiciary  President Muhammadu Buhari has proposed to spend N133,730,697,750 to run the Presidential Villa in the 2023 fiscal year. The was part of the over 20 trillion appropriation bill laid before a joint session of...

Fed Govt Projects N120trn As Three-year Consumption Expenditure   The Federal Government has projected an average of N120tn as consumption expenditure by Nigerians on which value-added tax will be charged between 2023 and 2025. This is according to the Medium Term Expenditure Framework and Fiscal strategy paper...

The Federal Government spent N1.094 trillion on debt servicing between January and September last year, the Minister of State, Budget and National Planning, Mrs Zainab Ahmed, has said. She gave the statistics in Abuja while presenting the draft 2016 budget implementation and performance monitoring report...