FG Borrowed N2.94trn From Debt Market In 11 Months     The federal government between January and November of 2022 borrowed a sum of N2.94trillion through FGN Bond Market to finance the 2022 budget deficit, bond auction results released by the Debt Management Office (DMO) has revealed. This...

Senate, Minister Clash Over N12.43trn 2023 Budget Deficit   The Senate, through its Committee on Finance, has disagreed with the Minister of Finance, Budget and National Planning, Zainab Ahmed, as well as heads of revenue generating agencies in the country on the proposed 2023 – 2025...

FG Raised N1.84trn Via Bond To Bridge 2022 Budget Deficit In H1, 2022   The federal government in first half (H1) of 2022 raised a total of N1.84 trillion through the FGN bond market to finance the N6.26trillion 2022 budget deficit, the Debt Management Office (DMO)...

Reps Fault Budget Deficit, Loans, Threaten MDAs     The House of Representatives on Wednesday began the second reading of the 2022 Appropriation Bill during which members debated the general principles of the national budget. The lawmakers took turns to criticise the internal and external borrowings by the...

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...

Lagos Plans Bonds, Borrowings To Fund N192.49bn Budget Deficit           The Lagos State Government says it will explore a number of sources including bonds, domestic borrowing and foreign debt to finance a gap of N192.49bn contained in its 2021 budget. Commissioner for Budget and Planning, Mr Sam...