FG Projects 10.7 trilion Revenue Target for 2022

Written by on January 5, 2022

The Federal Government has projected a revenue target of 10.7 trillion naira for the 2022 fiscal year.

The Minister of Finance, Zainab Ahmed disclosed this on Tuesday at the public presentation and breakdown of the 2022 Appropriation Bill in Abuja.

She said the figure is 32 percent higher than the N8.1trillion projected in 2021.

Debt servicing according to the bill is expected to gulp 3.6 trillion naira.

She further explained that the 2022 budget has a deficit of 6.3trillion naira and will be financed from domestic, foreign, multi-lateral loans and proceed from privitisation.

A total of 2.5 trillion naira is expected from domestic sources and N2.5trillion from foreign sources.

Also, 1.1 trillion naira will be from bilateral loans and 90 billion naira from privatisation proceeds.

Seun Fakorede

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