Tag: public finance

Nigeria local government autonomy crisis deepens as states retain ₦1.46tn funds

Business Damilola Bayonle -
Nigeria local government autonomy crisis worsens as states withhold ₦1.46tn funds despite court ruling Nearly ₦1.46 trillion meant for grassroots...

Nigeria’s fiscal challenges persist as reforms begin to show early signs of recovery, says Budget Office

Business Damilola Bayonle -
Nigeria’s fiscal outlook remains under pressure despite early signs of recovery, as government officials point to ongoing reforms as...

Nigeria’s domestic debt hit N77.81tn after N7.4tn surge in nine months

Business Damilola Bayonle -
FG domestic debt jumps to N77tn Nigeria’s fiscal profile is tightening as fresh data show that FG domestic debt jumps...

Edun confirms forensic audit of NNPC as FG moves to boost oil revenue transparency

Business Damilola Bayonle -
Forensic audit of NNPC ongoing – Edun Nigeria’s fiscal authorities have intensified scrutiny of oil revenue flows as the Forensic...

FG begins payments for 2024 capital projects, sets on March 31 deadline for full budget execution

Business Damilola Bayonle -
FG begins payments for 2024 capital projects, targets full rollout by March Nigeria’s fiscal authorities have moved to unlock long-delayed...

N300bn power plan for hospitals, universities stalls as funding delays trigger fresh blackout fears

Business Damilola Bayonle -
Blackouts: N300bn power lifeline for hospitals, varsities hits snag Nigeria’s plan to end persistent electricity disruptions in federal universities and...

Technology will decide success of Nigeria’s new tax laws, says NRS chairman Adedeji

Business Damilola Bayonle -
Technology key to implementing new tax laws – Adedeji The Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch...

Nigeria’s Tax Revenue Surges 30% to N28.3trn as FG Sets Ambitious N40.7trn Target

Business Damilola Bayonle -
Tax revenue jumps 30% to N28.3trn in 2025 Nigeria’s fiscal landscape recorded a significant boost in 2025 as tax revenue...

States Pay N455bn to Service Foreign Loans in 2025, Lagos and Rivers Lead Debt Burden

Business Damilola Bayonle -
States pay N455bn to service foreign loans as debt deductions tighten fiscal space Nigeria’s 36 states collectively surrendered N455.38bn from...

Nigeria faces debt crossroads as Edun urges revenue-driven economic reset

Business Damilola Bayonle -
Nigeria’s mounting debt burden has returned to the centre of national economic debate after the Minister of Finance and...

CPPE warns N15tn debt service could hurt 2026 growth — Rising fiscal risks for Nigeria

Business Damilola Bayonle -
CPPE Warns N15tn Debt Service Could Hurt 2026 Growth Nigeria’s projected N15tn debt service bill in the 2026 fiscal year...

Oyo state N892bn 2026 appropriation: Makinde signs landmark budget to transform lives

Business Damilola Bayonle -
Ibadan – Oyo State Governor, Seyi Makinde, is set to sign the 2026 Appropriation Bill of N892bn into law...