FG Raised N2.44trn Via Bonds To Bridge Budget Deficit In 9 Months
The Federal Government in nine months of 2022 raised a sum of N2.44 trillion through the FGN bond market to finance N6.26trillion 2022 budget deficit, the Debt Management Office (DMO) FGN Bond auction...
2023 Budget: Reps Commence Second Reading, Debate Estimates
The House of Representatives will on Wednesday (today) commence the second reading of the 2023 Appropriation Bill, with members expected to debate the general principles of the Federal Government for the next fiscal year.
Deputy Speaker of the...
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...
