The federal government has disclosed that the N6.258 trillion budget deficit in the proposed 2022 Appropriation Bill will be financed through local and external loans.
On why the country needs to borrow despite outcry from different quarters, Mrs. Ahmed said the target to deliver many of the administration’s legacy projects would not be achievable without taking credit facilities, noting that the generated revenues are barely enough to meet recurrent expenditures. She said: “If we just depend on the revenues that we get, even though our revenues have increased, the operational expenditure of government, including salaries and other overheads, is barely covered or swallowed up by the revenue.
Then which money they want to use in helping south Sudan?
What in earnest has this continuous borrowing by FG brought to the table for common Nigerians. As a person I have no issues with the borrowing agenda but the inability to infuse into the economy for a worthwhile transformation. These crop of leaders must be questioned in time
I hope you won't borrow Nigerian heads
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Source: Daily Trust - 🏆 13. / 51 Read more »