Debt pressure mounts as FG misses revenue target by 31%
The federal government on Monday announced a revenue performance of N6.9 trillion in the first quarter (Q1) of 2025, representing a 33 percent increase from N5.2 trillion generated in the same period of 2024. However, the revenue fell short of the projected target of N10 trillion on a pro-rata basis, representing a 31 percent shortfall. By implication, the federal government mi
The federal government on Monday announced a revenue performance of N6.9 trillion in the first quarter (Q1) of 2025, representing a 33 percent increase from N5.2 trillion generated in the same period of 2024. However, the revenue fell short of the projected target of N10 trillion on a pro-rata basis, representing a 31 percent shortfall. By implication, the federal government mi
