Lagos Moves to Integrate AI Into Public Finance Management
State government says artificial intelligence could strengthen financial controls, improve data quality and support faster decision-making as Lagos expands digital ...
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Tag: #PublicFinance
Nigeria, Ghana Spend More on Debt Interest Than Health, AfDB Warns
Nigeria and Ghana are among the West African economies where debt-interest payments rival or exceed public health spending, highlighting the ...
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Nigeria Draws $1.5bn from UAE’s $5bn Financing Facility to Refinance Debt
Nigeria has accessed the first tranche of its $5 billion derivatives-based financing arrangement with the United Arab Emirates’ largest lender, ...
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FG Releases N2.68tn for Roads, But N54.93tn Budget Faces Massive Implementation Gap
The Federal Government has released about N2.68 trillion for the construction, rehabilitation, and maintenance of roads and bridges across Nigeria ...
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Reps Committee Recovers N521.77m VAT from CBN Over Remita Transactions
The House of Representatives Public Accounts Committee has recovered N521.77 million in unremitted Value Added Tax (VAT) from the Central ...
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Foreign Currency Tax Receipts Jump to N6.33tn in 2025 Amid Exchange Rate Shifts
Nigeria’s foreign currency-denominated tax receipts surged to N6.33tn in 2025, reflecting stronger contributions from multinational firms and the impact of ...
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FAAC Distributes N2.04tn March Revenue to FG, States, LGs
The Federation Account Allocation Committee (FAAC) shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase ...
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Nigeria’s Debt Servicing Rises to N15.81tn in 2025 Amid Surge in Domestic Interest Payments
Nigeria’s total debt servicing climbed to N15.81tn in 2025, representing a N2.98tn increase from N12.83tn recorded in 2024, according to ...
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Finance Ministry Dismisses Claims of Hidden Spending, Defends FAAC Deductions
Nigeria’s Federal Ministry of Finance has dismissed claims of hidden spending and diversion of federation revenue, describing recent interpretations of ...
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World Bank Flags Weaknesses in Nigeria’s Public Finance System
The World Bank has raised fresh concerns about weaknesses in Nigeria’s public finance management system, warning that persistent gaps in ...
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