N10.7tn Revenue Target For 2022

Written by on December 2, 2022

The Federal Government, in January, projected a revenue target of N10.7trillion for the 2022 fiscal year.

Ahmed, who spoke during the public presentation and breakdown of the highlights of 2022 Appropriation Bill, said the figure was 32 percent higher than the N8.1 trillion projected in 2021.

The bill indicated an expected N3.6 trillion in debt servicing.

The minister explained that the 2022 budget had a deficit of N6.3 trillion and would be financed from domestic, foreign, multi-lateral loans and proceed from privitisation.

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