The Federal Government has approved more external borrowings, says it will boost the dwindling economy.
The question is: why is the FG borrowing when they claimed to have saved money?
Here is a list of the savings the Federal Governmemt has made:
N2.6trn through TSA
N1.4trn from Subsidy
N3.2trn from recovered loot
N665bn from stamp duty
N1.1trn from custom
N2.6trn from Tax revenue
N2.7trn from crude oil
Click here to get precise Forex trade signals today.1000+pips guaranteed monthly.
Click here for Gtb mastercard exchange rate of USD, GBP, EUR today.
The list is endless. According to various reports by FG the total fund generated so far by FG is above N13.2trns.
Remember the 2016 budget is N6.4trn.
How come FG is still borrowing to Fund N6.4trn Budget when it has generated over N13.2trn.????
This Question is worth asking!
If you need current information on the forex market in nigeria and Authentic Pool information, then consider visiting this site again.
Nomie Autos Bonanza: get 30% discount on any car you buy; hurry, offer exists while stock lasts.
Follow us on twitter @newsbeatportal
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535
Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.