January 12, 2023/CSL Research The Independent National Electoral Commission (INEC) chairman yesterday presented the 2023 voter register to the political parties ahead of the elections as required by the 2022 Electoral Act. In attendance at the meeting were leaders of the All Progressives Congress (APC), the Peoples Democratic Party (PDP), […]
OPINION/EDITORIAL
Analysing the 2023 Revenue Target; Ambitious or Realistic?
January 12, 2023/United Capital Research As is already widely known, President Buhari has signed Nigeria’s 2023 budget into law, along with the 2022 Supplementary Appropriation Bill. The Federal Government (FG) has a projected revenue of N10.5tn. The FG plans to earn this through Oil Revenue and non-oil revenue sources. However, […]
Rising Fiscal Deficits Due to Inadequate Revenue
January 11, 2023/FBNQuest The finance minister’s public presentation of the approved 2023 budget shows that the FGN’s fiscal operations for the Jan-Nov ’22 period resulted in a fiscal deficit of -NGN6.4trn, ahead of the pro-rata figure of -NGN6.1trn. Despite the large size of the fiscal deficit, the outturn for the […]

