House of Reps Committee on Finance condemns Nigeria’s plan to borrow to finance N5.62tn deficit in the 2022 budget

The House of Representatives’ Committee on Finance has condemned Nigeria’s plan to borrow to finance N5.62tn deficit in the 2022 budget, while some ministries, departments and agencies starve the Federal Government of revenue.


The government plans to borrow about N4.89tn from internal and external sources to finance the deficit in its proposed 2022 budget of N13.98tn due to dwindling revenue.


The committee especially criticised the MDAs for concealing their revenues, thereby denying the government the ability to fund its budget.

CC PUNCH

Leave a Reply

Your email address will not be published. Required fields are marked *