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NIGERIA'S REVENUE
Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has disclosed that the nation’s revenue surged to N6.9 trillion in the first quarter of 2025, citing transparency in collection and remittance as key drivers of the growth.
Nigeria’s crude oil revenues could see a drop in the near term due to the current French strike action which started on March 7th 2023.
The Budget Office has stated that contrary to media reports of Nigeria having a debt problem, Nigeria’s revenue to GDP ratio is one of the lowest in the world.
After months of eager anticipation, hopes were not entirely dashed after President Muhammadu Buhari has finally approved the immediate implementation of N30,000 new minimum wage to lowest cadre workers.