Economic Growth May Regress If We Don’t Borrow — Ahmed       The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the 5.01 percent Gross Domestic Product (GDP) growth recorded in the second quarter of 2021 will regress if the federal government does not...

We Spent N1.5trn On COVID-19 Management, Says Fed Govt       The federal government yesterday revealed that it spent over N1.5 trillion in managing the effects of COVID-19 in the country. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this during a media briefing...

2022 Budget: Health, Defence, Transport, Works Get Highest Capital Allocations       The Ministries of Works and Housing, Defence, Health and Education are to get the highest capital allocation in the 2022 federal budget. This is according to the 2022 Budget Call Circular released on Tuesday night. The circular...

External Reserves Fail To Sustain Momentum After July Rally     Nigeria’s external reserves could be heading toward the mid-July trough as it fail to sustain the momentum it started four weeks ago. The figures have been on a downtrend since August 11 after what appeared like a...

Nigeria’s Revenue-to-GDP Ratio Lowest, Private Sector Choking – W/Bank       Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the World Bank said on Monday. The Country Director for Nigeria, World Bank, Dr Shubham...

FG To Finance N5.62trn Deficit With Privatisation Fund, Loans     The Federal Executive Council (FEC) has approved the 2022 – 2024 Medium Term Expenditure Framework and the Fiscal Strategy Paper (MTEF & FSP), which allows the funding of a N5.62 trillion budget deficit through borrowings and...