Debt Service, Salaries Gulp 105% of FG Revenue
Debt service and personnel costs have swallowed more than the Federal Government’s total revenue for the first seven months of 2025, even as receipts fell sharply below target and capital projects suffered deep cuts.
An analysis of the 2026–2028 Medium-Term...
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...
