The Central Bank of Nigeria Governor Cardoso describes his job as the "second most difficult on Earth" amid Naira's climb to N1,700 against the Dollar.
The Abuja Electricity Distribution Plc (AEDC) has threatened to disconnect the electricity supply of the Presidential Villa in Abuja, along with Ministries, Departments and Agencies (MDAs) over a total debt of N47.1 billion. The company said the Presidential Villa owes the sum of N923,873,150 as an outstanding debt for electricity charges. In a disconnection notice on Monday, the AEDC listed the outstanding electricity debts of government ministries, departments and agencies as of December 2023.
The Central Bank of Nigeria is determined to improve the dollar supply to help stabilize the exchange rate in the Nigerian Autonomous Foreign Exchange (NAFEM).
In this interview, the Director-General of the Budget Office of the Federation, Ben Akabueze, discusses the 2024 budget with EDIDIONG IKPOTO, highlighting how low public revenue is affecting the country’s economy