CBN: FG missed May revenue target by 48.8%

Stories Tony Chukwunyem Revenue collected by the Federal Government in May 2017 fell short of the monthly budget estimate by 48.8 per cent and was lower than the preceding month’s figure by 13.4 per cent, according to the Central Bank of Nigeria (CBN)’s economic report for May. According to the report “federally-collected revenue (gross) in May 2017 was estimated at N458.42 billion. This was below the monthly budget estimate of N894.76billion by 48.8 per cent. It was also lower than the receipt in April 2017 by 13.4per cent. The fall…

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