Don’t Harm Our Future, Experts Warn Nigerian Government, As FG Plans More Loans

October 7, 2021 by Delia Innoma 0 Comments

The Manufacturers’ Association of Nigeria and economic experts on Wednesday expressed concern about the high deficit in the 2022 budget.

MAN and experts including Prof. Pat Utomi in separate interviews with Punch warned both the executive and the National Assembly against endangering the future of the country.

Federal Government had on Wednesday said it planned to borrow more funds to finance the N16.45tn 2022 budget.

According to the government, the total money borrowed as of July 22 was ‘only 23 per cent’ of the Gross Domestic Product.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed these to State House Correspondents after the Federal Executive Council at its meeting on Wednesday approved N16.39tn for the 2022 Appropriation Bill.

-Punch

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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