CBN: Federal Government records a fiscal deficit of N150.36bn in April

The Federal Government has recorded a fiscal deficit of N150.36bn in April, after recording an aggregate expenditure of N559.67bn and retained revenue of N409.31bn.

According to Figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations of the Federal Government’
Part of the report read “Federation revenue rose by 28.2 per cent in April 2021 to N1.12tn, relative to N862.79bn in March 2021, owing to improved non-oil earnings.

“However, the retained revenue of the Federal Government of Nigeria at N409.31bn, was 38.5 per cent below target.

CC: Punchonline

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