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Is It Economically Sound For Nigeria To Borrow With This? - Politics - Nairaland

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Is It Economically Sound For Nigeria To Borrow With This? by rolams(m): 9:23pm On Sep 07, 2016
FG Approves more external borrowings, says it will boost the dwindling economy
The question is why borrowing when they claimed to have saved

N2.6trn through TS
N1.4trn from Subsidy
N3.2trn from recovered loot
N665bn from stamp duty
N1.1trn from custom
N2.6trn from Tax revenue
N2.7trn from crude oil

The list is endless.
According to various reports by FG the total fund generated so far FG is above N13.2trns.

Remember the 2016 budget is N6.4trn. How come FG is still borrowing to Fund N6.4trn Budget when it has generated over N13.2trn.?
This Question is worth asking!
Re: Is It Economically Sound For Nigeria To Borrow With This? by agwom(m): 9:33pm On Sep 07, 2016
Sai baba...
Re: Is It Economically Sound For Nigeria To Borrow With This? by APCsupporter: 9:35pm On Sep 07, 2016
Stop the lies! Our economy is booming
Re: Is It Economically Sound For Nigeria To Borrow With This? by rusher14: 10:15pm On Sep 07, 2016
Why does America owe 16 trillion dollars?

Yes you read that right trillion dollars.

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