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Nigeria's economic rascality with more borrowing

Nigeria to Exceed Borrowing Limit In 2023 Budget

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.