FG: Nigeria’s Q1 Revenue Surges to N318.5 Billion
The Accountant-General of the Federation, Mrs Oluwatoyin Madein yesterday said total revenue inflows to the Federal Government in the first quarter (Q1) of 2024 amounted to N318.5 billion.
She disclosed this during a hearing by the House of Representatives Committee on Finance to monitor the revenue by agencies of the Federal Government.
Represented by the Director, Revenue Expenses, Felix Ogundayero, she said this was against a total expected revenue of N2.591 trillion for the year 2024.
She added that a reconciliation of the figures was still ongoing and what was declared is what is available at the moment.
Madein expressed confidence that it would be an exceptional year in terms of revenue for the country based on the policies of the present administration.
She said the bottom up cash planning policy would be adopted in implementing the 2024 budget.
She said: “Reconciliation is still being done but the total revenue inflows to the federal government for January to March amounts to N318. 5 billion as against a total budget of 2.691 trillion.
She said: “Reconciliation is still being done but the total revenue inflows to the federal government for January to March amounts to N318. 5 billion as against a total budget of 2.691 trillion.
