Overview

The document is a summary of the Federal Government of Nigeria's (FGN) independent revenue projections for 2024. It breaks down expected revenue from three main sources: MDAs' Internally Generated Revenue (IGR) from earnings, sales, fees, and licenses; net consolidated revenue from Personal Income Tax (PIT) and Pay As You Earn (PAYE); and Government-Owned Enterprises (GOEs') revenue from operating surplus (with 80% Fiscal Responsibility Act allocation). The total revenue according to the Medium-Term Fiscal Framework (MTFF) is ₦1.907 trillion, with a buffer for odds and ends (OPS) of ₦355 billion, resulting in a grand total of ₦2.263 trillion. The document notes that GOEs stands for Government-Owned Enterprises and MDAs stands for Ministries, Departments, and Agencies.

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