Senate passes N13.98trn deficit Budget, retains revenue of N8.36 tri and pegs daily crude oil production at 1.88mbpd, 2.23mbpd, and 2.22mbpd for 2022, 2023 and 2024 respectively, The Nigerian Senate has passed the 2022-2024 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP. with the approval of deficit Expenditure of N13.98 trillion the Federal Government should budget for 2022. Platforms Africa reports that the breakdown of the Aggregate Federal Government Expenditure of N13.98 trillion is made up of Total Recurrent (Non-debt) of N6.21 trillion; Personnel Costs (Ministries, Departments and Agencies,…
Read More2022 Budget: Nigeria Okays $57pb oil benchmark, $410.15/$1 Exchange Rate
