Tags : Fiscal Deficit

Nigeria’s Debt To Peak At N45tn In 2022

The Debt Management Office of Nigeria has predicted that the total debt stock of the country is likely to reach N45 trillion as the agency plans to borrow an additional N6.39tn to finance the 2022 budget deficit. According to a document, the Director-General, DMO, Patience Oniha, explained that the overall deficit in the 2022 budget […]Read More

Nigeria Recorded N150.36bn Fiscal Deficit In April

According to figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations of the Federal Government, Nigeria recorded a fiscal deficit of N150.36 billion in April 2021. This is coming after aggregate expenditure of N559.67 billion and retained revenue of N409.31 billion was recorded. Part of the report read “Federation revenue rose […]Read More

CBN: Nigeria Fiscal Deficit N485.51bn In January 2021

The Federal Government of Nigeria has recorded a N485.51bn fiscal deficit in January 2021 according to statistics obtained from the Central Bank of Nigeria. According to the monthly economic report for January released by the apex bank, the low revenue performance in January was due to the decline in non-oil receipts. This is following the […]Read More