The Minister of Works and Housing, Babatunde Fashola, has justified the loans obtained by the Federal Government, saying the country needs to borrow for development. Critics of the current administration have at different times accused President Muhammadu Buhari of mortgaging the future of Nigerians, especially the younger generation. But speaking[Read More…]
Tag: Borrowing
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]