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FG saves N3.56tn despite borrowing

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FG saves N3.56tn despite borrowing

02 Nov, 2026

The Federal Government and other tiers of government set aside a combined N3.56tn as savings from Federation Account revenue between January and September 2026, despite the Federal Government’s increasing reliance on borrowing to finance its budget deficit. The amount represents a 95 per cent increase from the N1.83tn recorded in the corresponding period of 2025, raising questions about the country’s fiscal priorities amid mounting public debt and rising debt-servicing obligations......................READ MORE