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FG loses N1tr in five months

by Kunle Awosiyan

The Federal Government on Monday released guidelines and instructions that must be followed by all its ministries, departments and agencies for the preparation of the 2021 budget proposal.

In its 2021 Budget Call Circular from the country’s budget office sighted in Abuja, the government stated that the document sets out the requirements and instructions that must be satisfied and followed in the preparation of the 2021 Federal Government of Nigeria budget proposal.

The circular disclosed that in the first five months of the year, the Federal Government suffered 38 per cent shortfall in its projected revenue. This translates to ONE TRILLION NAIRA

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