The Federal Government is spending much more money than it's bringing in, with its budget deficit reaching 7.5 percent of the country's total economic output (GDP) as of August 2024.
This information comes from Muhammad Abdullahi, a Central Bank of Nigeria's Monetary Policy Committee member, who
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Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
