DMO Canvasses Revenue Growth, Spending Cuts   The Debt Management Office (DMO) in a tweet on Tuesday, stressed the need for Nigeria to boost revenue and manage spending like Indonesia, which is also an oil-producing country. The tweet read, “Indonesia, a fellow oil-producing country with a population...

Senate Says Budget Office Paid Four MDA’s N19bn Without Approval   The Senate has asked the Budget Office of the Federation to refund the sum of N19bn the agency disbursed to four unnamed Ministries Department and Agencies without the approval of the Minister of Finance, Budget...

FG Says No Funds to Finance, Establish New Agencies The Federal Government has disclosed that it had no funds to finance the establishment of another or more agencies in Nigeria, as the existing ones were already too many. This was revealed at the Ministries, Departments and...

E-payment: FG to generate N484bn from EMTL The Federal Government has projected to make a sum of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy. This projection was made by the Budget Office of the Federation and revealed...

In Three Years, Diaspora Nigerians Remit $60.22bn - World Bank The World Bank and Budget Office of the Federation data has revealed that Nigerians in Diaspora remitted $60.22bn in the three years to boost economic activities and the nation’s external reserves. The World Bank noted that...

Nigeria Recorded N2.29trn Fiscal Deficit In Q1, 2021             Nigerian economy took a battering in the first quarter of 2021 as the country recorded a fiscal deficit of N2.293 trillion or 6.43 percent of the year’s quarterly GDP. The Budget Office of the Federation (BoF) in its...