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Mission Impossible? Can Fragile States Increase Tax Revenues?
The COVID-19 shocks are proving to be especially challenging for fragile states. Pre-COVID, fiscal revenues were low in such countries and governments were struggling to raise them. Now, COVID-19 is hitting them hard…
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2021-2023 MTEF: Key Implications and Market Impact
We recently received the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) released by the budget office of the Federation. We have thus provided an update on the key highlights,…
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Analysis of Nigeria’s Fiscal Revenue from January to April 2020
₦1.25 trillion was expected to be generated in January and February, however, ₦952.5 billion and ₦845.1 billion was generated respectively implying that only 76% and 68% of expected revenue were achieved. The month…
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[INFOGRAPHICS] 7-Year Comparison of Revenue of Brewers in Nigeria
Both Nigerian Breweries and International Breweries have had their revenue grown over the years while there have been fluctuations in the revenue of Guinness during the same period under review. That said, Nigerian…
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[INFOGRAPHICS] 5-Year Revenue Vs Loss of Kaduna Refinery
The Kaduna refinery has posted N24.81 billion combined revenue between 2014 and 2018, while combined loss during the same period amounted to N276.08 billion. The refinery did not generate revenue in 2018 but…
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Data on Lagos State Finances (2016-2018)
Between 2016 and 2018, Lagos State Government has spent N712.76 billion on recurrent expenditure while N703.36 billion was spent on capital expenditure. While N122.595 billion was obtained as Federal Allocation from 2016 to…
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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…
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Understanding Nigeria’s Budget Performance as Revenue Keeps Under-Performing
This research article aims to explain Nigeria’s budget performance by comparing it with the actual performance in each of the fiscal years. While the article gives explanations of some trends from 1981, it…
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Kwara State 2020 Budget: Good Intentions, Faulty Assumptions
Total revenue as at October 2019 was N85.12 billion which shows that revenue underperformed by 34.69% when compared with N130.38 billion projected revenue for 2019. Total expenditure as at October 2019 on the…
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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…
