₦airaland Forum

Nigeria has already borrowed more than half the amount it budgeted for the full year as it struggles to deal with lower income from oil, Finance Minister Ngozi Okonjo-Iweala said.
Africa’s biggest crude producer and economy has sold 473 billion naira ($2.4 billion) so far in domestic and external debt this year, within the budgeted allowance of 882 billion naira for 2015, she told reporters on Tuesday in the capital, Abuja.
“We’ve had to manage the first half on a month-by-month basis,” Okonjo-Iweala said. “We’ve had a cash-flow crunch.”
Under the 2015 spending plan approved by lawmakers last month, Nigeria, which relies on oil for about 70 percent of government spending, will run a fiscal deficit of 1.09 percent of gross domestic product, she said. Read More at http://nationaldailyng.com/business/business-news/3852-nigeria-borrows-to-stave-off-cash-crunch-finance-minister-says

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Nationaldaily:
Nigeria has already borrowed more than half the amount it budgeted for the full year as it struggles to deal with lower income from oil, Finance Minister Ngozi Okonjo-Iweala said.
Africa’s biggest crude producer and economy has sold 473 billion naira ($2.4 billion) so far in domestic and external debt this year, within the budgeted allowance of 882 billion naira for 2015, she told reporters on Tuesday in the capital, Abuja.
“We’ve had to manage the first half on a month-by-month basis,” Okonjo-Iweala said. “We’ve had a cash-flow crunch.”
Under the 2015 spending plan approved by lawmakers last month, Nigeria, which relies on oil for about 70 percent of government spending, will run a fiscal deficit of 1.09 percent of gross domestic product, she said. Read More at http://nationaldailyng.com/business/business-news/3852-nigeria-borrows-to-stave-off-cash-crunch-finance-minister-says

and u said our Economy is the Largest, Ma' your r a bad economist

Only God knows the actual state of the economy, conflicting report all around.