Home | About Us | FAQs | RSS | Contact Us | Sitemap | Careers | Educational | Freedom of Information    

Monetary Policy

MPC Mandate of the CBN | Fiscal Policy | Committees | Calendar of Meetings | Educational | FAQ's | Policy Decisions | Policy Communiques | Intl. Economic Cooperations | Monetary Policy Review | Policy Measures | Understanding Monetary Policy Series | Monetary, Credit, Foreign Trade and Exchange policy Guidelines | Monetary Policy Committee Reforms

The Conduct of Fiscal Policy

Fiscal Policy 1992
The thrust of the 1992 budget was to consolidate the gains of the economic restructuring programme aimed at promoting greater efficiency, productivity and increased employment.

The federal government’s revenue from all sources rose from N32, 223.5 million in 1991 to N63, 564.8 million in 1992. The government’s total expenditure rose by N40, 192 million or 59.5 per cent from N67, 529.7 million in 1991 to N107, 723.3 million in 1992. The expenditure exceeded the budget provision by N55, 687.3 million or 107.1 per cent. Overall, the Government’s fiscal operation resulted in a deficit of N44, 158.5 million, an increase of N8, 402.6 million or 23.5 per cent over 1991 and against the projected surplus of N2, 100.0 million in fiscal 1992.

Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
See All: Facts | Events