Nigeria: Govt to Borrow U.S.$4,4 Billion for 2018 Budget Deficit

The federal government has pencilled down a plan to borrow a total of N1.643 trillion to fund the deficit in the 2018 budget that was passed by President Muhammadu Buhari on Wednesday.

The minister of Budget and National Planning, Senator Udo Udoma, explained that the projected deficit was within the threshold stipulated in the Fiscal Responsibility Act (FRA) 2007.

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