FG aims at N10.7trn as revenue in 2022

Adebayo Obajemu

Zainab Ahmed, Minister of Finance at the public unveiling and breakdown of the highlights of 2022 Appropriation Bill, said the Federal Government has projected a revenue target of N10.7 trillion for the 2022 fiscal year.

In comparison with last year’s, the figure is 32% higher .

According to her, Debt servicing is expected to gulp N3.6 trillion.

She further expatiated that the 2022 budget has a deficit of N6.3 trillion, and will be financed from domestic, foreign, multi-lateral loans and proceed from privitisation.

A total of N2.5 trillion is expected from domestic sources and N2.5 trillion from foreign sources. Also, N1.1 trillion will be from bilateral loans and N90 billion from privatisation proceeds.