Capital Expenditure Suffers as FG Services Debt with N7.4tn The Federal Government’s expenditure report for the first eight months of 2024 has laid bare the heavy toll debt servicing is taking on Nigeria’s finances. Between January and August, a total of N7.41tn was spent on servicing...

Nigeria's Capital Spending Decreases by 25.3% – CBN Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn in the corresponding period last year. It was observed that this decline occurred despite the government operating four...

NERC Okays N756bn Investments For 11 Power Firms       The Nigerian Electricity Regulatory Commission (NERC) has approved N756.74 billion Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP). The projected investment directives were requested for by...

NERC To Review Electricity Tariffs, Capital Expenditure In July       The Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July. It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity...

FG Disbursed N7.3tn For Recurrent, Capital Expenditure In 2018 – CBN Between January and December last year, the Federal Government spent about N7.3tn on the implementation of the 2018 budget. The amount was spent on three major expenditure components. They are recurrent expenditure, capital expenditure and...