{"id":62889,"date":"2022-07-24T22:52:22","date_gmt":"2022-07-24T21:52:22","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=62889"},"modified":"2022-07-24T22:52:22","modified_gmt":"2022-07-24T21:52:22","slug":"2022-budgit-frowns-at-fgs-budget-performance-increasing-subsidy-payment","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/2022-budgit-frowns-at-fgs-budget-performance-increasing-subsidy-payment\/","title":{"rendered":"2022: BudgIT Frowns At FG&#8217;s Budget Performance, Increasing Subsidy Payment"},"content":{"rendered":"<p>BudgIT, a Nigerian civic organisation that applies technology for citizen engagement, has expressed concerns over the poor fiscal performance of FG&#8217;s 2022 budget and the growing subsidy payments.<\/p>\n<p>To this end, the organization in a statement Sunday, call on all well-meaning Nigerians, CSOs, media, the private sector, the international community, and reformers to join the call for the Federal Government to make adjustments.<\/p>\n<p>According to the statement signed by Iyanu Fatoba\u00a0Ag Head: Media, Communications and Creatives;<br \/>\n&#8220;There is also a pressing concern about the debt service-to-revenue ratio, which has reached alarming levels within the first 4 months of 2022. The country\u2019s current debt service, which stood at N1.94 trillion naira from January &#8211; April 2022, is over 100% of the nation\u2019s revenue which was N1.64 trillion naira, within the same period. This is in spite of warnings given by the International Monetary Fund (IMF) that Nigeria would be spending over 100% of its revenue on debt service in 2026&#8221;.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>BudgIT, a Nigerian civic organisation that applies technology for citizen engagement, has expressed concerns over the poor fiscal performance of FG&#8217;s 2022 budget and the growing subsidy payments.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":27712,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[9785,2253],"coauthors":[2391],"class_list":["post-62889","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-2022-budget","tag-budgit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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