Nigeria’s Debt to World Bank’s IDA Rises by $1.9bn to $18.7bn
Nigeria’s debt to the World Bank’s concessional lending arm, the International Development Association, surged by $1.9bn within one year to ...
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Tag: #PublicFinance
FAAC Recovers N2.36tn, $7.87m in Unremitted Revenue Arrears in 2025
The Federation Account Allocation Committee (FAAC) Post-Mortem Sub-Committee has recovered N2.36tn and $7.87m in outstanding revenue arrears from revenue-generating agencies ...
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Togo Seeks $63 Million to Fund Decentralization Drive in 2026
Togo has earmarked CFA35 billion (about $63 million) in its 2026 Finance Law to advance the implementation of its decentralisation ...
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World Bank Sets Aside $12m Performance-Based Loan for Nigerian States Hosting IDP Camps
The World Bank has earmarked up to $12 million in performance-based financing for Nigerian states hosting internally displaced persons (IDPs) ...
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Budget Office Debunks Claims NEDC’s ₦246bn Budget Is for Salaries Alone
The Budget Office of the Federation (BoG) has dismissed claims circulating in the public space that the North East Development ...
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Nigeria Records Historic N6 Trillion FAAC Disbursement in Q3 2025 — NEITI
Nigeria recorded a historic N6.0 trillion in Federation Account Allocation Committee (FAAC) disbursements in the third quarter (Q3) of 2025, ...
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FG Defends Re-enactment of 2024, 2025 Budgets Amid Illegality Claims
The Federal Government has defended the re-enactment of the 2024 and 2025 Appropriation Acts, dismissing allegations of constitutional breach and ...
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NDIC Reiterates Compliance with Fiscal Responsibility Act, Assures Federal Government of Statutory Remittances
The Nigeria Deposit Insurance Corporation (NDIC) has restated its unwavering commitment to fiscal discipline, accountability, and transparency, reaffirming that it ...
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FG spends nearly 72% of revenue on debt servicing in seven months
The Federal Government devoted nearly three-quarters of its total revenue to debt servicing in the first seven months of 2025, ...
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RMAFC: Federation Account Accrues N56.42trn in Three Years
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that Nigeria’s federation accounts recorded total gross accruals of N56.42 ...
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