• FG Spends N2.1trn In 2 Months over 2016 Budget

    FG Spends N2.1trn In 2 Months over 2016 Budget

    According to reports, the federal government yesterday disclosed that it spent N2.1 trillion in the past two months (May and June), with N598.63 billion going to servicing existing debts and N331.58 billion on capital expenditure.

    The federal government also recorded revenue loss of N1.064 trillion in the first half of the year. President Muhammadu Buhari in May, assented to a record budget of N6.06 trillion, tagged ‘Budget of Change’ which was passed by the National Assembly for the 2016 fiscal year.

    It can […]