Figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations of the Federal Government’ revealed on Saturday.
Part of the report read “Federation revenue rose by 28.2 per cent in April 2021 to N1.12tn, relative to N862.79bn in March 2021, owing to improved non-oil earnings. “However, the retained revenue of the Federal Government of Nigeria at N409.31bn, was 38.5 per cent below target. “Similarly, the provisional aggregate expenditure of the FGN, at N559.67bn, was 50.6 per cent below the budget benchmark and 59.4 per cent short of the level in March 2021.
Imagine as from April Nigeria govt is already recording deficit. Emefiele actually knows the truth. But keep aiding Buhari and team to k!ll the naira.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
[BREAKING] COVID-19: FG removes India from restricted countries' list - Punch NewspapersCOVID-19: FG removes India from restricted countries' list UK listed India, why is Nigeria removing India? Hm! These people want disaster in this country, it seems. Ik listed India 🇮🇳 Nigeria is adding, seriously the northerners have fully shown me that they are far from education and Intelligence
Source: MobilePunch - 🏆 8. / 63 Read more »
BREAKING: Former CBN deputy governor Obadiah Mailafia dies at 64 - Punch NewspapersFormer CBN deputy governor Obadiah Mailafia dies at 64 Any more details? He passed after falsely accusing innocent people. Hmmm How did he died?
Source: MobilePunch - 🏆 8. / 63 Read more »
Naira crisis: Pursuing Aboki FX, a waste of efforts, Utomi tells CBN - Punch NewspapersNaira crisis: Pursuing Aboki FX, a waste of efforts, Utomi tells CBN If he had been given the CBN Governor or Minister of Finance, he will have been attacking even more vigorously..... Politrickians Aka cluelessness Tell him sir, clueless CBN governor. Even a layman knows that pursuing abokifx won't reduce the demand for FX which the banks cannot meet due to restriction and limits by CBN herself
Source: MobilePunch - 🏆 8. / 63 Read more »
Why we are after Abokifx - CBNCBN governor, Godwin Emefiele, accuses the website of 'illegal activity that undermines the economy'. Leave abokifx and fix the problem of niara falling on daily basis, they can only report the situation of the exchange the way they see it, Nigeria is a big joke Godwin_fiele is undermining the economy with his failure not AbokiFX
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Forex manipulations: CBN vows clampdown on AbokiFX, operator, patrons - Punch NewspapersThe most widely read newspaper in Nigeria This man has left real issues and has started chasing SHADOWS! I hope that suspending Abokifx hence will make naira appreciate faster. Shioor! Alright Stop vowing, do it already
Source: MobilePunch - 🏆 8. / 63 Read more »
E-Naira: CBN to own a major stake in Bitt Inc.Mr Emefiele explains how e-naira will work. So many things about Nigeria is beyond the pale. Is there any nation on the face of is planet with leaders this incompetent and just plain terrible? Nigeria, at this pace will NEVER be a modern nation. This is certainly not the same place I grew up in in the 70s and 80s.
Source: PremiumTimesng - 🏆 3. / 78 Read more »