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Nigeria Suffers N1.4tn Shortfall In Five Months
An analysis of the Medium Term expenditure framework and Fiscal Strategy paper for 2022-2024 has shown that between January and May 2021, the Federal Government recorded a revenue shortfall of N1.4trillion. The report obtained from the Budget Office of the Federation said the Federal Government’s projected revenue for the 2021 fiscal year is N7.9tn, of…
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Budget 2020: N66.801 Billion capital Rolled Over For 27 MDAs
The Director of Funds, Mr Sabo Mohammed, announced that the federal government has rolled over the sum of N66.801 billion of unspent 2020 capital budget of 27 Ministries, Departments and Agencies (MDAs) to March 31, 2021. This is contained in a circular from the Office of the Accountant-General of the Federation, referenced FD/OAGF/ADC/2020?250/1/DF and dated…