Nigeria to borrow N2.32trn to fund 2017 federal budget deficit

by | December 14, 2016 3:49 pm

Nigeria’s federal government is proposing to borrow some N2.32 trillion to partly fund the 2017 budget deficit estimated at N2.36 trillion and about 2.18 percent of the country’s Gross Domestic Product (GDP). The Federal Government is proposing a record N7.298 trillion budget for fiscal year 2017, some 20.8 percent raise from N6.8trillion for 2016. President…

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