The federal government has said its national economic recovery plan for the next three years, would among other things, guide the country's economic management and budgeting process over the short to medium-term.
The Debt Management Office, DMO, have said the repayment arrangement for the $29.9billion external loan proposed by President Muhammadu Buhari is more convenient compared to previous loans.
Approximately N100billion was generated in the country's Contributory Pension Scheme, CPS, in a single quarter, thereby increasing its total assets to N5.9trillion as at the end of September 2016.
The National Assembly has asked for detailed breakdowns of all revenue generated by agencies of government in 2016, to enable them assess budget performance in the year.
The chairman, Kwara State Internal Revenue Service, KWIRS, Dr. Muritala Awodun, has said that Nigeria will be great if current tax policy in Nigeria is review to ensure more tax revenue is derived from wealthy individuals and corporate organizations to fund development projects and infrastructures.
President Muhammadu Buhari administration plans to borrow a total of $29.960 billion foreign loans designed to address infrastructure deficit in the country.
The Central Bank of Nigeria has said the current economic recession being experienced in the country was not caused by monetary issues, insisting the apex bank had employed every necessary means to save the country from the challenge.