FG collects N2.27trn revenue in Q3; records N1.29trn fiscal deficit

Fiscal Deficit

FG collects N2.27trn revenue in Q3; records N1.29tn fiscal deficit   The Federal Government recorded a fiscal deficit of N1.29 trillion during the third quarter of 2020 as total revenue into the coffers of the government stood at N2.27 trillion. This was disclosed in the third-quarter economic report of the Central Bank of Nigeria (CBN) released on Sunday. The CBN said, “At N2.27 trillion, federally collected revenue in the third quarter of 2020 grew by 4.5 per cent, over the level in the preceding quarter. “However, it was below collections…

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