A fiscal plan is usually a clear and precise statement of what government hopes to realistically earn as income and how much it would spend within a given time frame. Thus in a year, if projected incomes exceed expenditures, a surplus will be available as...

Strong indications have emerged that the leadership of the Senate and the Presidency have reached a deal on the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper earlier rejected by the upper chamber of the National Assembly. A source close to the leadership of...

Borrowing has become fashionable in Nigeria for states to test their viability by going to the credit market to borrow money, even for consumption purposes or just to satisfy kleptocratic urge. The Federal Government serves as the route and the surety for such loans....

• Considers $25b infrastructure fund • Debt profile hits N16.3 trillion • Amnesty fund rises from N20b to N65b For 2017, the Federal Government has proposed a budget of N6,866,335,052,740. The Presidency which formally informed the National Assembly of the proposal yesterday also disclosed that it would set...

The Federal Government borrowed a total of N600bn between January and June this year to augment the shortfall in revenue caused by various challenges affecting oil and non-oil receipts. The amount, which was borrowed from the domestic market, was contained in a presentation made by...

The Federal Government plans to increase the country’s Gross Domestic Product by N10.2tn next year from the 2016 figure of N98.5tn to N108.7tn. A country’s GDP is the total monetary value of all the finished goods and services produced within its borders in a specific...