October 25, 2022/OilPrice.com Tom Kool Editor, Oilprice.com Chart of the Week European Inflation Hits Double Digits – Whilst the commodity markets have been buzzing about upcoming Federal Reserve rate hikes, the European Central Bank is widely expected to follow down the same route and bring the deposit rate to […]
OPINION/EDITORIAL
Revenue Underperformance Quite Substantial in H1 2022
October 25, 2022/FBNQuest We see from the Budget implementation report for Q2 ’22, that total revenue available to fund the FGN’s budget in H1 ’22 amounted to NGN2.4trn. In comparison to the budgeted sum for the half year, the amount represents a shortfall of NGN1.7trn, or an implied revenue performance […]
Budget Performance – Debt Service to Revenue Ratio Drops to 83.24% as at August
October 25, 2022/CSL Research Based on the review of the 2022 budget as contained in the recently updated 2023 Federal Government of Nigeria (FGN) Budget proposal, the Federal Government’s Debt Service to Revenue Ratio dropped to 83.24% in August 2022 from 118.90% in April 2022. The report noted that the […]
