Quick Links

Social Media

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 1991
The 1991 fiscal policy measures addressed trade and related policy issues designed to further streamline the operations of a deregulated economy for increased efficiency, productivity and creation of more employment opportunities. In order to sustain the achievements of SAP, government also decided to pursue a growth-oriented public policy that was stable, consistent and predictable.

The retained revenue of the Federal Government amounted to N32,223.5 million in 1991. This showed a decrease of N7,243.7 million or 18.4 per cent level in 1990. The total expenditure of the Federal Government rose to N67,530.4 million which was N6,381.3 million or 10.4 per cent higher than that of 1990.In all, the fiscal operation of the government resulted in a deficit of N35,306.9 million compared with N21, 681.9 million in 1990

Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
See All: Facts | Events

Related Links
History of Nigerian Currency
Issue System
Currency Gallery
1965 Notes and Coins
1959 Notes and Coins
1968 Notes and Coins
1973 Notes and Coins
1977 Notes and Coins
1979 Notes and Coins
1984 Notes and Coins
pre-1912 Forms of Money in Nigeria
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