Revenue Archives - Outlook Nigeria

Northern States See Revenue Windfall Under Tinubu, Says Budget Minister

admin / 6 months

2 min read

Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has stated that northern states have witnessed significant fiscal gains under President Bola Tinubu’s administration, as federal allocations to states rose by 116.17 per cent between May 2023 and June 2025. Speaking at a two-day interactive session in Kaduna hosted by the Sir Ahmadu Bello Memorial […]

FG Records N6.9 Trillion Revenue in Q1 2025, Customs Gets N10 Trillion New Target

admin / 8 months

3 min read

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced that the federal government generated N6.9 trillion in revenue during the first quarter of 2025, marking a 40 per cent increase over the N5.2 trillion recorded in the same period last year. Speaking at a citizens and stakeholders’ engagement session […]

FAAC Distributes N1.41tn as October Revenue Surges to N2.668tn

admin / 1 year

2 min read

The Federation Accounts Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government and other stakeholders for October 2024. This amount represents a significant portion of the N2.668 trillion gross revenue generated during the month. The increase in revenues from oil and gas royalties, excise duty, Value Added Tax (VAT), import duty, […]

Federal Government Boosts Rural Power Supply with Mini-Grids

admin_ou / 3 years

2 min read

In an effort to improve electricity access in rural communities and provide relief from the recent removal of subsidy on petrol, the Federal Government has stepped up the deployment of mini-grids. These mini-grids, as announced by the Rural Electrification Agency (REA) in Abuja, will bring round-the-clock power supply to the communities where they are installed. […]

Public Debt in Nigeria Surpasses N49.95 Trillion, Requires Stronger Revenues

admin / 3 years
0
2 min read

The Debt Management Office (DMO) has revealed that Nigeria’s total public debt has reached a staggering N49.95 trillion (equivalent to $108.30 billion) as of March. This, the DMO said, includes the combined external and domestic debts of the Federal Government, the 36 states, and the Federal Capital Territory (FCT). This significant increase in the country’s […]

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Northern States See Revenue Windfall Under Tinubu, Says Budget Minister

FG Records N6.9 Trillion Revenue in Q1 2025, Customs Gets N10 Trillion New Target

FAAC Distributes N1.41tn as October Revenue Surges to N2.668tn

Federal Government Boosts Rural Power Supply with Mini-Grids

Public Debt in Nigeria Surpasses N49.95 Trillion, Requires Stronger Revenues