News

Government Considers Fresh N7.24 Trillion Borrowing

today06/07/2024 1

Background
share close

Federal government may be seeking to borrow a fresh 7.24 Trillion Naira in 2024.
This was revealed during a presentation by the minister of finance and coordinating minister of the economy, Wale Edun, the plan aims to address critical challenges affecting the reform initiatives and stimulate development in various sectors of the economy.
The proposed loan is part of the Accelerated Stabilisation and Advancement Plan (ASAP), which seeks to improve the country’s economic stability and drive growth.
Recall that, in the 2024 approved budget, the government’s deficit was 9.18 Trillion Naira to be partially financed by 7.83 Trillion Naira in new borrowings.

Written by: bossgmsi

Rate it

Previous post

News

Customs in Nigeria Claims Sales Prohibition Affects Revenue Generation

Customs in Nigeria Claims Sales Prohibition Affects Revenue GenerationCustoms in Nigeria Claims Sales Prohibition Affects Revenue GenerationNigeria Customs Service (NCS) has noted that the ban placed on the sale of carbonated drinks by the National Agency for Drugs Administration and Control (NAFDAC) is affecting the country's revenue generation. The Comptroller-General of NCS, Adewale Adeniyi, stated this at the House of Representatives Committee on Finance revenue monitoring exercise with all the […]

today06/07/2024 3

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

0%
Our customer support team is here to answer your questions.
error: Alert: Content is protected !!