Central Bank of Nigeria


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 Communiques | 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 : 1/1/1900
Operation Feed the Nation (O.F.N.):Operation Feed the Nation was introduced by the federal military government headed by General Olusegun Obasanjo in 1979.It had the specific focus of increasing food production on the premise that availability of cheap food would ensure a higher nutrition level and invariably lead to national growth and development.OFN lasted till the civilian government of Alhaji Shehu Shagari in 1979.
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

Contact Us

We are open for business Monday through Friday except on national holidays. Official visiting days are Tuesdays and Thursdays by appointment only. Our working hours are from 8:00a.m. - 4:00p.m.

Address

Central Bank of Nigeria
Plot 33,
Abubakar Tafawa Balewa Way
Central Business District,
Cadastral Zone,
Federal Capital Territory,
Nigeria

Post Office Box

P.M.B. 0187,
Garki Abuja.
Nigeria

Phones

General Switch Board:
See Reception Desk below

Authorized Dealer Enquires
+234 9 462 37804,
+234 9 462 37802

Reception Desk
+234 9 462 39701-02

Forex Helpdesk
+234 9 462 37827
+234 9 462 37831

Commercial Agricultural Credit Scheme (CACS)
+234 9 46237602

Corporate Communications
+234 9 462 36011
Fax: +234 9 462 36012
cad@cbn.cbn.gov

Complaints Against Financial Institutions
cpd@cbn.gov.ng