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Borrowing to borrow

From January to June 2017, the Federal Government of Nigeria (FGN) earned and retained N1,004b but spent N927.74b alone on domestic and international debt service. In the same period, the…

FGN phantom CAPEX

Nigeria has a new 2017 budget…. Before we look at the assumptions and broad goals of the 2017 budget, its important to look at the 2016 “budget of Change”, this will allow us score the…