See How Much The Nigerian Government Earned In February
The Nigerian government coffers flowed richly in February with $1.7 billion, about 557.9 billion naira.
This is up from 538.9 billion naira it generated the previous month of January.
This cash high is due to improved crude exports and rising oil prices.
According to the Accountant General, Ahmed Idris who disclosed this on Wednesday, the government has now shared the revenue generated in February to the three tiers of government.
The money shared in addition to other sources including taxes totaled 647.4 billion naira to the three arms of government.
On Tuesday, the Finance Minister, Kemi Adeosun, called an emergency meeting for next week with the head of state-owned Nigerian National Petroleum Corporation over a shortfall in revenue payments.
The government has borrowed from domestic and international markets to plug budget gaps and fund infrastructure.
It issued a $2.5 billion eurobond last month and plans further borrowing as soon as its delayed 2018 budget is approved by parliament.
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