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The Bill for an Act to Repeal and Re-enact the Revenue Mobilisation Allocation and Fiscal Commission Act, 2023 has passed the second reading in the National Assembly. The new law seeks to strengthen the Commission to carry out its duties of monitoring and disbursement of revenue inflows more effectively. [ 1 ]
For the 2023 fiscal year, the budget of Edo State stands at N320.35 billion, marking a substantial 69.37 per cent increase from the N222 billion allocated in 2022. [44] Governor Godwin Obaseki presented this budget, themed "Making Edo Great Again," to the Edo State House of Assembly on November 17, 2022. The budget's core objective is to ...
2023; Political parties; ... Social Security Administration of Nigeria (SSA) Budget Office of the Federation (BOF) ... Mobilization, Allocation & Fiscal Commission;
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [ 1 ] Rank
Security vote in Nigeria is a monthly allowance that ... N3.092B allocation to personnel and overhead costs ... This page was last edited on 19 October 2023, ...
The debt-to-GDP ratio of Nigeria has fluctuated over the years, reaching a peak of 75% in 1991, following the Nigerian Structural Adjustment Program, and a low of 7.3% in 2008, after the Paris Club debt relief. [5] [6] As of November 2023, the debt-to-GDP ratio of Nigeria was 38.79%, which was below the average of 56.3% for Sub-Saharan Africa ...
The Nigeria Vision 20: 2020 is a perspective plan; an economic business plan intended to make Nigeria one of the top 20 economies by 2020, with a growth target of not less than $900 billion in GDP and a per capita of not less than $4,000 per annum. The three Pillars of the NV 20:2020 are i) guaranteeing the well-being and productivity of the ...