Nigeria’s Oil And Revenue Now $742.48bn - NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has said the Federal Government has earned $741.48billion revenue from the oil and gas sector. The earnings, according to the Executive Secretary Dr. Orji Ogbonnaya Orji, do not include the ones...

N20.51trn 2023 Budget: Rising Deficit, Declining Revenue Raise Concerns   The success of the N20.51 trillion 2023 budget depends on extensive fiscal and monetary measures to address the wide gap between Nigeria’s declining revenue and productivity levels and its ballooning expenditures. Economic and financial experts yesterday took...

World Bank Projects 102% Revenue, Debt Service For Nigeria     The World Bank has said that public debt in Nigeria is concerning due to the rising debt service-to-revenue ratio. According to the bank, the debt service to revenue ratio could stand at 102.3 per cent by the...

Fed Govt Targets More Revenue Through Cocoa Export – NEPC   The Nigerian Export Promotion Council (NEPC) has reiterated the Federal Government’s commitment to increasing cocoa production to 500,000 tonnes yearly with a view to making it contribute more to the country’s earnings. The Trade Promotion Advisor,...

TETFund’s Revenue Reduces By N60bn, Says Echono   The Tertiary Education Trust Fund (TETFund) has said that it recorded over N60 billion decline in revenue available for its operations. The Executive Secretary of the Fund, Sonny Echono, said this on Thursday in Abuja. This was when members of...

Debt Profile: Revenue Generation Is Nigerian Govt’s Main Challenge – DMO   The Debt Management Office (DMO) says revenue generation is a major constraint of the Federal Government and impacts the country’s debt situation negatively. The Director-General of the DMO, Patience Oniha, said this in a telephone...