
Nigeria’s Fiscal Deficit To Decline In Q3, Q4 2023 — MPC
Members of the Monetary Policy Committee, MPC, of the Central Bank of Nigeria (CBN) have projected a continuous decline in the federal government’s fiscal deficit in the third quarter and fourth quarter of this year (Q3, Q4 2023).
They based their projections on the recent efforts by the government to manage expenditures better and also improve oil and non-oil revenues.
This was revealed in their personal statements contained in the CBN MPC Communique 149.
In his statement, the Permanent Secretary, of the Federal Ministry of Finance, Budget and National Planning, Mr. Aliyu Ahmed, said: “The fiscal deficit is expected to decline in the third and fourth quarters of 2023 on the back of recent efforts by the new government to manage expenditures better and also improve oil and non-oil r...