Nigeria’s dire fiscal state to worsen without subsidy removal – Budget Office

August 9, 2022

President Muhammadu Buhari’s government must cut gasoline subsidies and boost revenue collection to avoid a sharp deterioration in government finances next year, his own budget office has said. If he does not heed, Nigeria’s budget deficit could rise to N12.4 trillion or $29 billion next year — almost three times total revenue, or 5.5% of […]

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FG Grants N100bn Loan to Indigenous Pharmaceutical Manufacturers

* Buhari directs health minister to ensure brain drain becomes brain gain Deji Elumoye in Abuja The federal government has granted a N100 billion loan to indigenous pharmaceutical manufacturers and healthcare investors to expand their capital base and boost local production of medicines and medical consumables. President Muhammadu Buhari, who disclosed this Tuesday at the State House in Abuja while playing host to the new executive members of the Nigerian […]

August 9, 2022 1