FG Deficit Rose By 17% To N4.45trn In 10 Months         The Federal Government (FG) recorded N4.45 trillion deficit spending in ten months to October 2020, up by 17 percent, year-on-year (y/y), against N3.8 trillion recorded in the corresponding period of 2019. The sharp increase in deficit...

26 States Set For N878bn Deficit In 2021       Amidst a nationwide push against the recessionary economy, about 26 states of the nation are planning to spend about N878 billion in excess of what their revenue expectations can carry. This indicates that they also plan to...

FG Debt Now N24.52trn, Recorded N561.71bn Deficit – CBN       The Federal Government’s outstanding as of March 31 stood at the N24.52tn (excluding the states and the Federal Capital Territory Administration), the Central Bank of Nigeria has said. The apex bank also disclosed that the Federal Government...

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit Although the regulator plans to increase electricity tariffs on April 1, it says the amount of money recoverable by power distributors from consumers will fall short of their revenue requirements, Electricity distribution companies in the country will...

FG Records N1.1tn 8months Deficit In 2018 Budget   Between January and August, the Federal Government recorded a fiscal deficit of N1.14tn in its operations, figures obtained from the Budget Office of the Federation have revealed. The 2018 budget which was signed by President Muhammadu Buhari had...

2018 Budget: Deficit May Rise To N4.4tn Says Report   Except the Federal Government adopts a pragmatic approach to shore up its independent revenue, the fiscal deficit in the 2018 budget may widen from the appropriated sum of N1.9tn to N4.4tn, an economic report prepared by...