In response to the soaring cost of vehicles in Nigeria, the federal government has signed a Memorandum of Understanding (MoU) with over 10 auto manufacturers to promote locally assembled automobiles. Under the agreement, the Nigeria Consumer Credit Corporation (CreditCorp) will issue a N20 billion credit facility to support these manufacturers[Read More…]
Tag: FG supports automakers with N20bn credit scheme to boost local vehicle assembly
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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…]