Quick Links

Social Media
Home

Monetary Policy

MPC Mandate of the CBN | Calendar of Meetings | Fiscal Policy | Conduct of MPC | Committees | Educational | FAQ's | Policy Decisions | MPC Minutes of Meeting | Policy Communiqués | Intl. Economic Cooperations | Monetary Policy Review | Policy Measures | Understanding Monetary Policy Series

The Conduct of Fiscal Policy

Fiscal Policy 1993
The 1993 policy thrust focused on addressing the sluggish performance of the productive sectors, especially the manufacturing sector, enhancement of private sector involvement in productive activities, unemployment, the depreciating Naira and external debt problem.

In 1993, the retained revenue of the Federal Government rose by N9, 833.1 million or 15.5 per cent to N73, 397.9 million. Government expenditure increased in an aggregate by N66.801.1 million or 62.0 percent to N174, 524.4 million. Accordingly, the overall budget deficit of the government amounted to N101, 126.5 million, representing an increase of N45, 177.4 million or 80.8 per cent over the previous year.

Facts : 1/1/1995
Magnetic Ink Character Recognition:The Magnetic Ink Character Recognition (MICR) which is an automated system for sorting cheques and other financial instrumenTS. This facility came into effect in the early part of 1995.
See All: Facts | Events

Related Links
Refer this webpage to a friend  Print this page  Return to the top of this page

Permission is granted to reproduce or cite portions herein, if proper attribution is given to the Central Bank of Nigeria. © Central Bank of Nigeria, 2006-2011. All rights reserved.
Legal Disclaimer  | Mail & 419 Disclaimer | FAQ's | Privacy Policy | Feedback | Subscribe to our RSS Feed Subscribe to News  Subscribe to Circulars  Subscribe to Publications  Subscribe to Speeches