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A Beginner’s Guide to CBN’s Ways and Means to the Federal Government of Nigeria

By Abdulazeez KurangaPosted on Posted in EconomyTagged , , , , , , , 2 Comments on A Beginner’s Guide to CBN’s Ways and Means to the Federal Government of Nigeria

CBN’s financing of the FGN deficits seems to be a structural one and not a one-off event. This is because historical data has shown that the CBN has been financing a huge part of the FGN deficits even when there was no economic downturn. For example, out of the total fiscal deficit of N3.64 trillion in 2018, the CBN financed 52.2%. In 2019, the total fiscal deficit was N4.23 trillion and the CBN financed 78.3% or N3.31 trillion of that amount. There was no downturn during those periods, hence it goes against economic theory for the CBN to be printing money to finance significant proportions of the FGN’s fiscal deficit.

Data on Nigeria’s Budgeted and Actual Revenue and Expenses (2010-2019)

By Joshua OlorunsaiyePosted on Posted in Analytics, DataTagged , , , , , 2 Comments on Data on Nigeria’s Budgeted and Actual Revenue and Expenses (2010-2019)

Over the past 10 years, Nigeria have recorded surplus (actual revenue minus budgeted revenue) in revenue during three periods and those periods are 2010, 2011 and 2014. In 2010, budgeted revenue was N2.52 trillion while actual revenue was N3.09 trillion. In 2011, the government recorded revenue surplus of N237.50 billion and the revenue surplus was […]

The FG Records N3.67 Trillion Deficit in the First 9 Months of 2019; Total Revenue at 48% of Total Expenditure

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , , , , No Comments on The FG Records N3.67 Trillion Deficit in the First 9 Months of 2019; Total Revenue at 48% of Total Expenditure

This analysis provides a look into the financial operations of the government in the first 9 months of 2019, as well as ranks the revenue sources to provide knowledge of the sources that contribute more to the entire gross revenue. The analysis therefore ends by providing more data on the monthly performance of the government in terms of revenue and expenditure.

Understanding Lagos State Finances and its Preference for External Debt over Internal Debt

By Abdulazeez KurangaPosted on Posted in Articles, Business & FinanceTagged , , , , , , , , No Comments on Understanding Lagos State Finances and its Preference for External Debt over Internal Debt

Lagos State Government recently released its financial statement and we provide an insightful analysis into the state finances and its debt profile.

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