The Federal Government’s budget deficit has risen to 7.5 per cent of the country’s Gross Domestic Product as of August 2024, reflecting a significant widening of the gap between government revenue and expenditure. A member of the Central Bank of Nigeria…
Budget deficit occurs when expenses exceed revenue and can indicate the financial health of a country. Fiscal deficits are negative balances that arise whenever a government spends more money than it brings in during the fiscal year. This imbalance sometimes…
…As experts predict Nigeria’s bankruptcy before end of Q4 Abimbola Abatta, Ariemu Ogaga and Matthew Denis Nigeria’s debt profile is expected to worsen as the Federal Government concluded plans to finance an increase in the 2022 budget deficit through new…
Nigeria’s debts have not ceased to put many to concern as the fear of the future impacts of rising debt profile amid harsh uncertainties of the Country’s economy, pose oblique sight before Nigerians. Worries have been heightened, particularly as tangible…
…We’ll be rigid on MDAs to generate more revenue — Senate President …Fiscal Responsibility Act confusing, impracticable — Comptroller General, Customs By Moses Adeniyi & Abimbola Abatta The National Assembly is set at loggerheads with revenue generating Ministries, Departments and Agencies…
