FG targets N10.7trn as revenue in 2022

The Minister of Finance, Zainab Ahmed at the public presentation and breakdown of the highlights of 2022 Appropriation Bill projected a revenue target of N10.7 trillion for the 2022 fiscal year.

The figure is 32% higher than the N8.1 trillion projected in 2021.

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

She further explained 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.

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