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  • 21 minutes ago Exam malpractices: Oyo reaffirms ban on phones, smart glasses in schools
  • 28 minutes ago Nollywood actress, Kemity reveals story behind having kids with 2 men
  • 33 minutes ago 5 shops ravaged by early morning fire in Ibadan
Home Business Economy (page 40)

Economy

Buhari may leave N39.1t debt for successor; borrows N31t in 8 years

By Breezynews
16 October 2022
in :  Economy
0
128

In its eight-year reign, the Muhammadu Buhari administration budgeted N93.45 trillion (2016 to 2023 budgets). But 72.1 percent of that figure, amounting to N67.4 trillion, was committed to recurrent expenditure, leaving 27.9 percent for capital spending on infrastructure in health, works, education and other sectors. Recurrent expenditure includes salaries, emoluments and allowances of public officers and civil servants. On the …

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