Planned N4.8trn Borrowing: Each Citizen May Owe N217k By Next Year As Nigeria’s Debt Hits N43.4trn
The plan by the federal government to go for a fresh loan of N4.68 trillion to fund its 2022 budget would jack up the nation’s debt stock above the current debt rate of N33.107 trillion if the government’s medium-term expenditure framework is approved by the National Assembly.