By Joke Kujenya FEDERAL REVENUES for 2025 are collapsing to N10.7tn, far below the N40.8tn originally projected, Finance Minister Wale Edun told lawmakers this week, exposing a gap of nearly N30tn. Edun said weak oil and gas receipts, shortfalls in petroleum profit tax and company income tax, and gaps in non-oil revenue are largely responsibl...
By Jemimah Wellington, JKNewsMedia Reporter THE ESCALATING financial burden on Nigeria continues to spark concern as the country’s total public debt soared to ₦142.3 trillion by September 2024. Economists say this marks an increase of ₦8 trillion—or 5.97 per cent—compared to the ₦134.3 trillion recorded in June. The Debt Management Office (DM...
