MDAs Receive N5.81trn for 2024 Capital Projects - Budget Office   Ministries, Departments and Agencies (MDAs) of the Federal Government received a total of N5.81tn for capital projects in the 2024 fiscal year, according to the latest Budget Implementation Report released by the Budget Office of...

FG's 2024 Revenue Surges by 68% to N20.9trn - Budget Office   The Federal Government’s total revenue inflow increased by 68.11 percent to N20.98 trillion in 2024 compared to N12.48 trillion recorded in 2023, the budget office of the federation has disclosed in its fourth quarter...

Budget Office Explains Delay in Budget Implementation Reports, Sets September Deadline for Release The Budget Office of the Federation has clarified reasons behind the delay in publishing Budget Implementation Reports (BIRs) since the second quarter of 2024, assuring stakeholders of its commitment to transparency, accountability,...

FG Says Fresh Dollar Supply will Strengthen Naira in 2024 The Budget Office of the Federation Director-General, Ben Akabueze, disclosed that an increase in dollar supply to the country in 2024 will strengthen the position of the naira. Akabueze revealed this in an interview with Channels...

Aside N41trn Public Debt, FG Owes CBN $47bn - Report   The federal government has confirmed that the Central Bank of Nigeria (CBN) is being owed N20 trillion ($47 billion), which is yet to be added to the country’s outstanding public debt, according to a report...

Rising Governance Cost, Recessions, Others Raise FG Spending By 183%   Rising governance cost, economic recessions necessitating higher government spending may have combined with other factors to raise Federal Government spending by 183 per cent in seven years. The Federal Government increased projected expenditure in its annual...