Nigeria's economic rascality with more borrowing
Quote from Ndubuisi Ekekwe on August 31, 2022, 9:10 AM
Nigeria is running economic rascality: "On the first option, the deficit is projected to be N12.42 trillion in 2023, up from N7.35 trillion budgeted in 2022, representing 196 percent of the total revenue. " In other words, our economic system has collapsed since the revenue cannot cover anything which means we have to borrow. The IMF projected 2026 to be the year, but it seems this will arrive in 2023.

Nigeria is running economic rascality: "On the first option, the deficit is projected to be N12.42 trillion in 2023, up from N7.35 trillion budgeted in 2022, representing 196 percent of the total revenue. " In other words, our economic system has collapsed since the revenue cannot cover anything which means we have to borrow. The IMF projected 2026 to be the year, but it seems this will arrive in 2023.
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