FG Revenue Surges 76% to ₦12.5tn, Boosted by Oil and Non-Oil Income
By Ayomide Otitoju The Federal Government’s revenue rose significantly by 76%, from ₦7.1 trillion in 2022 to ₦12.5 trillion in 2023, driven by higher oil earnings and improved tax collections. This is according to the recently released 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and Economic Planning. The…