Tag: FG deficit

  • FG’s Deficit Spending Falls By 21%

    FG’s Deficit Spending Falls By 21%

    Data from the Central Bank of Nigeria has shown that the deficit spending by the Federal Government fell by 21 per cent, Month-on-Month. This is a drop to N530 billion in October last year from N670.7 billion in September, driven by a decline in interest payments on domestic debts. Meanwhile, revenue into the Federation Account…