ECONOMY: FGN Spends 57.6% of Borrowed Funds on Capital Projects amid Revenue Shocks in 2017

October 12, 2018/Cowry Asset

In the just concluded week, Nigeria’s Ministry of Budget and National Planning released its consolidated Budget Implementation Report (BIR) for the 4Q 2017 which showed that only 52.27% or N2.66 trillion of the N5.08 trillion projected revenue was generated by Federal Government to fund its budget in 2017… click here for details.

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