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2023 BUDGET
N201.84 billion was proposed as recurrent expenditure, N270.41 billion was budgeted for capital expenditure
The benefits of Lagos transcend a region of the country as all Nigerians enjoy the state’s prosperity in one way or the other
The Federal Government had set a target of N6.65 trillion for the period
The CBN's Ways and Means balance climbed to N22.068 trillion in August 2022
Further dissecting these numbers means that for every month of the year, a token of N7,684 is budgeted for each individual in the country. This is significantly lower than the country’s minimum wage of N30,000
If we embrace equity financing, we do not have to make huge interest payments, and we can use some of the proceeds of our equity issuance to pay some of the down debt
Budget not realistic based on current macroeconomic, fiscal conditions
According to the proposed appropriation bill, the power sector’s personnel cost is placed at N5,320,156,125
President Buhari while presenting the budget noted that insecurity, especially banditry and kidnapping, will be significantly curtailed before the end of this Administration
According to the reports University of Nigeria, Nsukka is expected to receive the highest allocation of N29.3 billion
Nigeria’s Federal Executive Council has approved the 2023 Budget which President Buhari is expected to propose to lawmakers...
The N12.43 trillion deficit is a result of the projected N6 trillion tax and import duty waivers as well as fuel subsidy of over N6 trillion that was retained for the year.