The Federal Executive Council (FEC) has approved the 2022-2024 Medium Term Expenditure Framework and the Fiscal Strategy Paper (MTEF & FSP), authorising the funding of a N5.26 trillion budget deficit through borrowings. “The revenue that we expect is 6.54 trillion and 2.62 trillion to accrue to the Federation account on VAT respectively. “We also reported to council the budget deficit and the financing items for the expenditure. The budget deficit that is projected for 2022 is 5.62 trillion, up from 5.60 trillion in 2021. YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNENo Evidence Arab League Sent Warning Message To FG On Biafra MovementCLAIM: A Twitter user claims that the Arab League of Nations sent a warning message to the Nigerian government on the Biafra movement.2020 budget: FG to fund N5.62 trillion deficit with loans.2020 budget: FG to fund N5.62 trillion deficit with loans.2020 budget: FG to fund N5.62 trillion deficit with loans2020 budget: FG to fund N5.62 trillion deficit with loans

Source: Nigerian Tribune July 07, 2021 15:56 UTC