FG to Convert N20 trn CBN debt to Bonds Repayable in 40 years
The Minister of Finance and Budget, Zainab Ahmed has disclosed that President Muhammadu Buhari has also approved the securitisation of the federal government’s borrowings from the Central Bank of Nigeria (CBN) under the...
FG Retains N4.23trn Revenue, Records N5.33tn Deficit in Eight Months
The Federal Government has has disclosed that it recorded a deficit of N5.33tn between January and August 2022, which is N430.82bn above the prorate level.
FG spent N9.56tn from January to August 2022, out of N11.55tn...
FG to Borrow 11 trillion for 2023 Budget, to Spend 3 trillion on Fuel Subsidy
The federal government has revealed plans to borrow about N11.3 trillion to fund expenditure in the 2023 budget. Noting that the deficit is projected to exceed 12.41 trillion in 2023...
How Desirable is 5% Excise Duty on Telecom Services?
By Ibrahim Dan Halilu
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has thrown Nigeria into another controversy amidst plans to launch the 5G network, which is expected to transform every sector and sphere...
Finance Minister: FG Spends N18.397bn On Petrol Subsidy Daily
The Minister of Finance Budget and National Planning, Zainab Ahmed, has said the federal government is spending N18.397bn daily on fuel subsidy and putting the Country in dire financial stress.
Nigeria must at a point take the...
States Receives N472bn World Bank-Assisted Fund - FG
The Federal Government, says states had received N471.9bn of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Programme for Results.
It noted that in addition to the grant, all the 36 states had domesticated the fiscal...
