₦airaland Forum

2023: FG to borrow N11tr, spend N3.36tr on subsidy
• Nigeria to spend N19.76tr next year as deficit jumps by 54%
• Govt may not fund capital projects in 2023 – Finance Minister
• Petrol subsidy to remain till mid-2023

Ahead of the 2023 budget presentation, the Federal Government, yesterday, insisted that petroleum subsidy would remain in place until mid-2023. In addition, the government will borrow over N11 trillion and sell national assets to finance budget deficit next year.


The Minister added READ MORE : https://legitloaded.com.ng/2023-fg-to-borrow-n11tr-spend-n3-6tr-on-subsidy/

Let they continue borrowing until foreign country and firm begin to see it as a bad debt.

Akasammyoka:
Let they continue borrowing until foreign country and firm begin to see it as a bad debt.

what are the consequences if it's seen as a bad debt hope it's not what am thinking

Kimiso:
what are the consequences if it's seen as a bad debt hope it's not what am thinking

The consequences won't be that grievous, only another colonization by either China or Arab.

Akasammyoka:
The consequences won't be that grievous, only another colonization by either China or Arab.

exactly what am thinking