2017 Nigerian Budget
When your income has gone down, the only place you can go is to borrow. It was a strategic decision. We borrowed and invested heavily in infrastructure and then increased our revenue so that we could pay back the debt.
The Nigerian Bureau of Statistics (NBS) has stated that annual inflation in Nigeria stood at 14.33% in February 2018, slowing for the 13th month in a row and driven by a decline in the pace of food price increases.
The speaker of the House of Reps, Dogara, has revealed how President Muhammadu Buhari faulted Abdulmumin Jibrin's allegation that the 2017 budget was padded.
On December 14, 2017, President Muhammadu Buhari presented the 2017 budget to the National Assembly, but ten months later, the budget is yet to be implemented.
Kemi Adeosun, the finance minister said Nigeria’s inability to access foreign loans are major impediments to funding of capital projects in the 2017 budget.
The Newspaper headlines on Wednesday, May 17, have focused on the passage of 2017 budget and the stern warning of the Chief of Army Staff, Tukur Buratai.