Nigeria’s Revenue Hits N15.8tn: Economists Cite Reforms
Economists have attributed Nigeria’s strong revenue performance in the first five months of 2026 to the impact of recent tax reforms, improved revenue administration and stronger earnings from the oil sector, following government collections of N15.8tn during the period. According to data from the Nigeria Revenue Service reported by Bloomberg, government revenue rose by 49 […]
Nigeria’s External Debt Consumes N136bn of Jan Revenue
External debt obligations gulped a total of N136.54bn from revenues generated by the federation in January 2026, according to Federation Account Allocation Committee documents analysed by The PUNCH. The amount was deducted at source from the gross revenue for the month before distribution in February 2026, effectively reducing the net FAAC allocations available to the […]
Debt Servicing in Nigeria Exceeds Capital Spending by N3.9tn
Debt servicing in Nigeria outpaced capital expenditure by N3.9tn over the past two years, highlighting growing fiscal pressures on the federal budget, according to a media brief obtained by The PUNCH on Sunday from the Federal Ministry of Finance. The brief also showed that the Federal Government spent N27.2tn servicing public debt between 2024 and […]