N20.51trn 2023 Budget: Rising Deficit, Declining Revenue Raise Concerns   The success of the N20.51 trillion 2023 budget depends on extensive fiscal and monetary measures to address the wide gap between Nigeria’s declining revenue and productivity levels and its ballooning expenditures. Economic and financial experts yesterday took...

Senate Rejects Committee move to Reduce N3.6trllion Subsidy in Budget The Senate has voted against its finance committee proposal to reduce the N3.6trllion subsidy to N1.7tn in the 2023 budget. President Muhammadu Buhari had in the 2023 – 2025 Medium Term Expenditure Framework and Fiscal Strategy...

FEC Okays Proposed N19.76trn 2023 Budget   The federal executive council (FEC) has approved the proposed N19.76 trillion budget for the 2023 fiscal year. Femi Adesina, special assistant to the president on media and publicity, disclosed this while addressing state house correspondents on the outcome of the...

N3.92trn Fuel Subsidy Higher Than Health, Education, Defence Budgets   The N3.92tn spent as subsidy on Premium Motor Spirit, popularly called petrol, from January 2020 to June 2022 is higher than the cumulative individual federal budgets for health, education and defence during the 30-month period. Findings show...

2023 Budget'll Be Presented To NASS Next Month — Akabueze   The executive will present the 2023 Federal Government budget proposal to the National Assembly by September. Director-General, Budget Office of the Federation Mr. Ben Akabueze, revealed this at the commencement of the training of Budget Officers...

2022 Budget: Senate approves N215.8bn for FIRS     The Senate has approved N215.8 billion as budget for the Federal Inland Revenue Service (FIRS) for the 2022 fiscal year. The budget was approved in plenary on Wednesday. It was sequel consideration of a report by the Senate Committee on...