Overview

The document presents a summary of the Federal Government of Nigeria's (FGN) independent revenue projections for 2024. It breaks down the budgeted income from three main sources: Ministries, Departments, and Agencies (MDAs) through earnings, sales, fees, and licenses totaling 732.45 billion Naira; net consolidated revenue from Personal Income Tax (PIT) and Pay-As-You-Earn (PAYE) at 77.98 billion Naira; and Government-Owned Enterprises (GOEs) operating surplus (80% of which goes to the Fiscal Responsibility Account) amounting to 1.097 trillion Naira. The total based on the Medium-Term Fiscal Framework (MTFF) is 1.908 trillion Naira. An additional buffer from operating surplus at budget is included, bringing the grand total to 2.263 trillion Naira. The document explains that GOEs stands for Government-Owned Enterprises and MDAs stands for Ministries, Departments & Agencies.

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