National Wire About Nigerians, Nigerian Business and Other Stories
Nigeria To Service Debt With 28.7% of ₦28.77tr Approved Budget
In a pivotal move on Saturday, December 30, 2023, Nigerian legislators granted approval to a robust ₦28.77 trillion ($34 billion) budget for the new year year with 28% voted for debt servicing. The budget, featuring an increased funding proposal, reflects the government’s response to elevated revenue projections and a currency under strain. Key allocations within the budget include ₦8.27 trillion …
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