Despite cut, 2020 budget has N5.2trn embedded deficit

UPDATE: Buhari signs N10.59trn 2020 budget into law

A budget deficit of around N5.2 trillion, which stands at roughly 50% of Nigeria’s newly downward revised N10.276 trillion budget will pose a new challenge to the cash-strapped Federal Government now faced with limited options for raising capital. The deficit of around N5.2trn is the difference b

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