Nigeria’s Fiscal Deficit Exceeds Projections, Reaches 7.6% of GDP
Nigeria’s fiscal deficit has soared to 7.6% of GDP as of August 2024, far surpassing the initially approved target of ...
Tag: Fiscal Deficit
Federal’s Budget Deficit Rises to N4.53 Trillion Amid Revenue Challenges
Federal government reported a fiscal deficit of N4.53 trillion in the second quarter of 2024, up from N3.88 trillion in ...
Nigeria’s Capital Spending Drops by 25% in H1 2024, Says CBN
Nigeria's capital expenditure dropped by 25.3% in the first half of 2024, amounting to N1.99 trillion, down from N2.68 trillion ...
FG Fiscal Deficit Rises to N824 Billion in April Amid Revenue Decline, Says CBN
The Federal Government's fiscal deficit increased slightly in April 2024, reaching N824.79 billion, up from N823.91 billion in March, according ...
FG Allocates N7.76tn for Salaries and Non-Debt Recurrent Costs in 2023 Budget
In a recent development, the Federal Government of Nigeria has earmarked a substantial sum of N7.76tn for salaries to federal ...
Nigeria’s Fiscal deficits Deepens to N7.5 trillion
Nigeria's fiscal woes have taken a grim turn as the Federal Government concluded the year 2022 with a fiscal deficit ...
IMF Approves $1 Billion Loan to Aid Kenya’s Economic Crisis and Climate Initiatives.
The International Monetary Fund (IMF) has stepped in to provide crucial financial assistance to Kenya, approving the disbursement of a ...
CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.
The Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a fiscal deficit of N930.8bn in the ...
From Crisis to Triumph: How Tinubu would address Nigeria’s Economic Challenges.
Nigeria, Africa's largest economy, stands at a critical juncture as Bola Tinubu assumes the presidency, taking over from his predecessor, ...
