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Nigerian Government Boosts Revenue And Investor Confidence With Economic Overhaul

The Nigerian government has recorded a 40% rise in its quarterly revenue, reaching ₦6.9 trillion in Q1 2025, as part of a broader fiscal reform effort aimed at improving transparency, accountability, and economic growth. Finance Minister and Coordinating Minister for the Economy, Wale Edun, revealed the figures at a public engagement session in Abuja, noting…

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Experts Caution Nigeria Against Relying On Loans, Urge Focus On Domestic Revenue And Investment Transparency

As Nigeria prepares to take on new external and domestic loans totalling over $21 billion, economists are urging the government to prioritise sustainable funding models and utilise domestic revenues more effectively. Professor Sherifdeen Tella of Babcock University and Dr Ayo Teriba, CEO of Economic Associates, raised concerns over the federal government’s latest borrowing plan presented…

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Lagos Projects N2.96 Trillion Revenue for 2025

Ope George, the Lagos State Commissioner for Economic Planning and Budget, has announced an ambitious revenue target of N2.96 trillion for the year 2025. This projection was revealed during the annual ministerial press briefing on Wednesday, coinciding with the two-year anniversary of Governor Babajide Sanwo-Olu’s administration. The target represents a 42.7% increase over the N2.08…

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2025 Budget: N4.5trn Additional Revenue Will Support Economic Diversification – Minister

Sen Abubakar Bagudu, the Minister of Budget and Economic Planning, has said the N4.5 trillion additional revenue in the 2025 budget would support the diversification programme of the President Bola Tinubu administration. The minister said this while speaking to State House Correspondents on Wednesday in Abuja. Bagudu said the N4.5 trillion additional revenue would be…

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