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Home Tag Medium-Term Expenditure Framework and Fiscal Strategy

Tag: Medium-Term Expenditure Framework and Fiscal Strategy

Naira will "suffer further devaluation" - MTEF

Naira will “suffer further devaluation” – MTEF

by Research Team

With the government under pressure to earn dollars, reliance has shifted mostly towards foreign borrowing.

Mrs. Zainab Ahmed, FEC reviews Ajaokuta-Kaduna-Kano gas project contract, approves $2.571 billion, Don’t over heat bleak economic outlook – Finance Minister, FAAC meeting ends abruptly as members disagree over revenue allocation for FG, States, LGs, Nigeria’s total debt portfolio as at December 2019 stands at N27.4 trillion, Accountant-General’s office fire outbreak: FG reacts to claims of missing N700 billion

Nigeria records debt service to revenue ratio of 99% in first quarter of 2020.

by Research Team

This suggests almost all the revenue generated was used to meet debt service obligations.

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