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N1.15tn revenue shortfall recorded in 2016 –FG

The National Assembly, on Thursday, scored the Federal Government low on the performance of the capital expenditure in the 2016 budget.

The Federal Government, however, blamed the low performance on revenue shortfall, adding that while the total revenue target was N1.506tn, only N398bn was generated in the 2016 fiscal year, with a revenue shortfall of about N1.15tn.

The government also said it had achieved 55 per cent performance on the N870bn capital expenditure.

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