(PHOTO: DEBERRAR/ISTOCK BY GETTY IMAGES) October 13, 2021/IMFBlog By Vitor Gaspar, Sandra Lizarazo, Paulo Medas, and Roberto Piazza As public debt rises to record levels, countries need to calibrate fiscal policies to their own unique circumstances. Vaccination has saved lives and helped economic recovery in many countries, but uncertainty remains high amid new virus […]
OPINION/EDITORIAL
A Review of the FGN’s 2021 Revenue Framework Thus Far
October 13, 2021/United Capital Research The 2021 Budget Appropriation Act was passed and signed into law on Dec-2020. However, In H2-2021, an additional supplementary budget of N982.7bn was passed resulting in a total appropriated expenditure of N14.57tn. The 2021 Appropriation Act was projected to be funded by an aggregate revenue […]
Structural Issues Gulping Unavailable Foreign Exchange
October 13, 2021/CSL Research Based on the recently updated external sector statistics of the Central Bank of Nigeria (CBN), FX consumed in the importation of Crude Oil between January to August 2021 summed up to US$690.19m, lower than US$930.24m in the corresponding period in 2020. Over time, the sustained lack […]
