Nigeria’s plan to finance its widening budget deficit is facing growing scrutiny, as analysts argue the government is relying on the wrong playbook when a deeper, more sustainable solution lies in listing its vast state-owned assets on the stock market.
Africa’s biggest oil producer plans to spend N68.3 trillion this year, but muted oil income is expected to keep revenues at N36.84 trillion, resulting in a budget deficit of N31.46 trillion that would be plugged largely through debt issuance. But that strategy is increasingly being challenged
