Fed Govt Raises MDAs Operating Surplus To N916.87bn In a bid to secure alternative sources of funding, following the crash in crude oil price, the Federal Government has raised the target set for Ministries, Departments and Agencies through the payment of operating surplus from N849.97bn...

MDAs Record N13.72bn Revenue Shortfall   The sum of N622.9bn was remitted to the Federal Government by its ministries, departments and agencies between January and December last year as captured under the Fiscal Responsibility Act. The revenue collection of N622.9bn when compared to the N631.08bn target set...

We Have Have Serious Revenue problem Says Budget Office   Nigeria is currently facing a serious revenue problem, the Director of Budget in the Ministry of Budget and National Planning, Ben Akabueze, declared on Wednesday. Akabueze also revealed that the Nigerian National Petroleum Corporation was subsidising every...

The Federal Government has appealed to the African Development Bank to fast-track the $1bn loan facility it promised as support for the implementation of Nigeria’s 2016 budget. According to the government, the loan is expected to cover the 35 per cent shortfall in the budget. The...