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FG, States Borrow N7.51tn Under Buhari - Business - Nairaland

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FG, States Borrow N7.51tn Under Buhari by CertifiedNaija(m): 8:20am On Sep 11, 2017
The reliance of the federal and state governments on borrowings to finance their activities is not ending soon as the two tiers of government have taken more loans in the past two years, EVEREST AMAEFULE writes

The Federal Government under President Muhammadu Buhari and the 36 states of the federation as well as the Federal Capital Territory have borrowed N7.51tn in the last two years, statistics have revealed.

As of June 30, 2015, just a month after the present crop of leaders took over the leadership of the country, Nigeria’s total debt stood at N12.12tn.

Re: FG, States Borrow N7.51tn Under Buhari by menxer: 8:24am On Sep 11, 2017
At lest FG borrowing is not to pay salaries.

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