APC Defends Tinubu Over 2025 Revenue Achievement. APC hails achievement, opposition dismisses it as empty figures. Economists warn borrowing and hardship still undermine fiscal gains. The All Progressives Congress (APC) and opposition parties clashed on Wednesday over President Bola Tinubu’s declaration that Nigeria had achieved its 2025 revenue target by August. EDITOR’S PICKS How Nigeria’s … Read more
Opposition parties criticized Tinubu’s N47.9tn 2025 budget as unrealistic and impractical. They flagged concerns over borrowing reliance, inflation targets, and poor implementation. Calls were made for transparent policies to tackle economic challenges effectively. The Coalition of United Political Parties (CUPP), Peoples Democratic Party (PDP), and New Nigeria Peoples Party (NNPP) have expressed strong reservations about … Read more
Tinubu-led govt hasn’t borrowed from CBN since assuming office. Finance Minister emphasizes commitment to using ‘Ways and Means’ to manage liquidity. Plans for tax reforms to boost revenue and address low tax-to-GDP ratio outlined. EKO HOT BLOG reports that Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Bola Tinubu-led Federal … Read more
EKO HOT BLOG reports that the Federation Account Allocation Committee Disbursement reports, the Federal Government has deducted over N415 billion from state government allocations to service their external loans between 2019 and 2023. This information, published by the National Bureau of Statistics, highlights significant deductions made from state allocations from the Federation Account over the past … Read more
DMO warned FG against additional borrowing due to high Debt Service-to-Revenue ratio. DMO advised FG to focus on revenue generation & recommended 6 ways to reduce borrowing. DMO’s warning comes as debt profile continues to grow. EKO HOT BLOG reports that the Debt Management Office (DMO) has warned the Federal Government against additional borrowing, saying … Read more
”It is in our own interest that the government does some borrowing and spends it on investment because that sector contributes to the Gross Domestic Products (GDP) and contributes to employment. The Minister of Works and Housing, Babatunde Fashola, has defended the Federal Government’s resort to loans to expand infrastructure in the country. Fashola, who … Read more