Non-Oil Sector Contributing 73% To Budget Financing, Says Finance Minister

Written by on December 2, 2022

The Federal Government says the contribution of non-oil revenue to financing the federal budget has risen to 73 percent.

In the light of this, Minister of Finance, Budget and National Planning, Zainab Ahmed, said Nigeria is in good economic standing and not broke.

Speaking on Thursday at the sixth edition of President Muhammadu Buhari’s Scorecard in Abuja, the minister noted that the country had witnessed two recessions during the Buhari administration.

She stated that with the support of the president, the Federal Government had been able to disburse N5.03 trillion and an additional $3.4 billion to states over the course of the Buhari administration.

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