A major fiscal contradiction has emerged at the heart of Nigeria’s 2025 Budget, as Finance Minister and Coordinating Minister of the Economy, Wale Edun, disclosed to the Senate that the Federal Government’s actual cash revenue for the year stands at about ₦10.7 trillion, far below the ₦40.8 trillion earlier projected – and publicly declared as achieved – by President Bola Ahmed Tinubu. Edun made the revelation during an interactive session with the Senate Committee on Finance, while defending the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) just days…
Read More₦30tr hole in FG finances: “Actual 2025 revenue is ₦10.7tr, not ₦40.8tr” – Edun tells Senate
