Nigeria’s Projected Borrowing for 2022 – 2024

Despite warning by economic experts on the implications of Nigeria’s increasing debt profile, the federal government continues to rely on borrowing in financing its expenditures.

And as the country currently struggles to finance its annual budget, it is projected that over half of its revenue will be spent on debt servicing by 2024.

Given this arrangement, where is the hope for capital projects?

On #YMonitorSpotlight today, we present an analysis on the Federal Government’s Borrowing Plan for 2022 – 2024.

Swipe to see the figures ———>

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