CBN: FG Recorded $17.18bn Inflows, N1.43 Trillion Fiscal Deficit in Q1 James Emejo in Abuja
A total of $17.18 billion was attracted into the Nigerian economy in the first quarter of the year (Q1 2023),
representing an increase of 7.5 per cent 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. These information were contained in the Central Bank of Nigeria’s (CBN) Economic Report for Q1,
which provided insight into current developments in the real, fiscal, financial, and external sectors of the Nigerian economy, as well as on global issues of interest.
The report showed that foreign exchange inflow through the CBN increased to $7.17 billion, compared to $6.21 billion in the preceding quarter, while inflows through
autonomous sources increased to $10.08 billion, from $8.41 billion in Q4. Continued on page 5
Maikyau: Why Colleagues are against My Leadership...
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Tinubu, Ministers, Industrialists Depart for G-20 Summit Today Deji Elumoye in Abuja
L-R: Kogi State Governor, Yahaya Bello; his Niger State counterpart, Mohammed Bago; Kogi State APC Deputy Governorship Candidate, Joel Salifu Oyibo; APC National Chairman, Abdullahi Ganduje; Kogi State APC Governorship Candidate, Usman Ododo; Ogun State Governor and Chairman, National Campaign Council for Kogi State Gubernatorial Election, Prince Dapo Abiodun; Lagos State Governor, Babajide Sanwo-Olu and his Kwara State counterpart, AbdulRahman AbdulRazaq, at the inauguration of the Kogi State National Gubernatorial Campaign Council, in Lokoja, on Saturday.
With massive and strategic investment drive in focus, President Bola Tinubu departs Abuja, today, in company with some ministers and industrialists, to Continued on page 5
Buhari Saved Nigeria from Graft, Says Garba Shehu Says his success in fight against corruption unprecedented In a pushback to the position of a former Attorney General of the Federation and Minister of Justice, Mohammed Adoke, former President Muhammadu Buhari, has said his administration saved Nigeria from corrupt undertones planted to expose the nation’s economy to collapse. In a statement by Buhari’s former spokesman, Garba Shehu, who replied to Adoke, over cases involving Process & Industrial Developments (P&ID), Paris Club, and the Ajaokuta steel company, he said Buhari’s success in the fight against corruption was unprecedented According to him, Buhari’s administration inherited the contract and incidental judgement Continued on page 6
ENUGU INVESTMENT AND ECONOMIC GROWTH STAKEHOLDERS’ ROUNDTABLE… L-R: Deputy High Commissioner, UK High Commission, Nigeria, Jonny Baxter; Governor of Enugu State, Dr. Peter Mbah; Chief Economist and Vice President, African Development Bank, Prof. Kevin Urama; and the Country Director, World Bank, Shubham Chaudhuri, during the Enugu State Investment and Economic Growth Stakeholders Roundtable held in Enugu at the weekend.
Sanwo-Olu Flags Off Distribution of Food Items in Lagos...
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