, has said the federal government will borrow over N11 trillion and sell national assets to finance the budget deficit in 2023.
Explaining two scenarios of the budget deficit to the committee, the minister said the first option involves retaining the petroleum subsidy for the entire 2023 fiscal year.According to her, in the first scenario, the deficit is projected to be N12.41 trillion in 2023, up from N7.35 trillion budgeted in 2022, representing 196 per cent of total revenue or 5.50 per cent of the estimated GDP. In this option, she added, the government would spend N6.72 trillion on subsidy.
FILE: President of the Senate and Chairman of the National Assembly, Ahmad Ibrahim Lawan; Speaker of the House of Representatives, Rt Femi Gbajabiamila, and President Muhammadu Buhari, during the 2020 Budget presentation by the President at the National Assembly on Tuesday, 8th October, 2019.
This is the easiest government to run in the history of our nation. Your collect all revenue and embezzle it. But when you want to execute any project, you go and borrow. Very simple.
What will your successor borrow?
See our speaker. We missed you Sen Bukola Saraki
We don borrow to the extent of exceeding the limit of borrowing. Buhari and APC as finish us.
So Osibanjo and that Havard student stood behind him as he signed the dotted lines. No one dared challenge this step?
Borrow, Borrow Government and Party.
Since buhari dey power I no sure say dem Don print money for this Country na borrow borrow up and down like girls wen dey borrow wigs
God forbid these Political Criminals Morticians and Economic Termites Buhari Administration wants to plug Nigeria into perpetual indebtedness! Any person,county or institution still giving loan to Nigeria under the present APC government does not mean well for the citizens of 🇳🇬
Which way nigeria song by sonny okosun comes to mind ....
See the way ProfOsinbajo was distant. I thought he was meant to be beside Buhari. The man has truly been relegated.
God why giving us this kind of criminals into power
They are planning on how to share the money look at them
They are gulping down and much as they could lay their hands on to fortify themselves and make the country irredeemable by the time PO takes over. Divide the contraption now!!
Failed regime. Rubbish.
The next Election is about our lives. We can't afford to get it wrong again!!!
Where are the agbado boys 😆😆😆
It's finished 🤣🤣🤣🤣 APC ‼️‼️
Nigeria youths election has consequences oo
Jesus Christ
The sharing squad...
OMG wïcked detectors
Loan master
fkeyamo pls defend this else no food for you,justify the borrowing and the tantamount loss of sovereignty and pending slavery.
They have sank the Nation,shame on their supporters
The worst is that officialABAT is the national leader of this party, can a tree bear both good and bad fruits at the same time?
Then i shld vote APC in 2023.... No way.
And Senate president Amend lawal will approve that loan without questions. History will remember him for this.
When a country is extremely into debts and exceeds borrowing as used here, what is worst than debt? Is it not slavery?
Failures
These people sha... Obi has alot of clean up to do. The prisons better be ready for so many inmates
All these are happening cos the president refused to stop oil theft and stop the pilfering of our common wealth . Nigeria is already close to Sri Lanka and we have a home economics teacher and finance minister
Our future. Young Nigerians remove the toga of bigotry. Stop enriching politicians. This election is about our lives.
These people have sank this country. All they have borrowed, we don't see where they spend it. They have sold this country. God pls help us.
The prodigious approach of this God forsaken administration is like a punishment for our docility as Nigerians, because, we careless about our election processes. The punishment will end the day we all wise up to take interest & participate actively choosing with our votes.
All hail and clap for APC. I hope they will use dis as a campaign point for Emilokan. Laugh catch me. Thieves
Oga oooooo
😂
Madam, wait is there nothing you can do in your capacity to salvage our economy? Do you think we are making progress as a Nation?
Hush Mummy
One of the most confused woman in Nigeria currently
Lol...Na NigerDelta oil Una de put eye on top so
If we don't remove subsidy, it will sink this country any time from now.
Ah plz don't borrow Nigeria Money again oii
It is well... May 29.. do n come D'Allah
Nigerians can’t wait for this irresponsible government to exit.
Are you people not tired? This world is a wicked place😮💨😮💨
Ans you still think APC and Thiefnubu are options abi Issokay
Make this Cow just do dey Go!
They want to finish everything as they leave...lol, you will be recalled for accountability no matter how long, we are coming for y’all.
Borrow pose government we dey oh egbami oh😂🤣🤣🤣✍️
💔
It's okay, that's Nigeria my country
Wahala
Nawa ooo 🙆