FG plans more loans as experts cry out
Govt will continue to borrow to finance projects, Buhari’s Minister insists The Manufacturers’ Association of Nigeria and economic experts on Wednesday expressed concern about the high deficit in the 2022 budget. MAN and experts including Prof. Pat Utomi in separate interviews with The PUNCH, warned both the executive and the National Assembly against endangering the future of the country. Federal Government had on Wednesday said it planned to borrow more funds to finance the N16.45tn 2022 budget. According to the government, the total money borrowed as of July 22 was ‘only 23 per cent’ of the Gross Domestic Product. The
