Revenue shortfall pushes FG’s fiscal deficit to 12-month high

by | May 23, 2017 1:30 am

The Federal Government of Nigeria’s fiscal deficit ran at a 12-month high in the month of February, according to data provided by the Central Bank, as actual revenues flunked budget targets and officials overshot spending.  At N404.9 billion in February, the deficit is almost four times the monthly provisional budget estimate of N185 billion, with…

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