Addressing Nigeria's Revenue Problem | Business Edge | 23/10/2023

In a recent Central Bank of Nigeria report, foreign exchange inflow reportedly increased to $7.17bn, compared to $6.21bn in the previous quarter. While we’re seeing an increase from one quarter to the next, there are still concerns about just how much the largest economy in Africa is making, how much it is spending and on what?

Q1 2023 saw a total of $17.18 billion come into the economy, representing an increase of 7.5 percent compared to $14.62 billion in the preceding quarter. But the federal government’s fiscal operations resulted in a deficit of N1.43 trillion in the review quarter.

Anchor: Tolulope Adeleru-Balogun
Guest: Kalu Aja, financial analyst and a certified financial educator.

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