Federal Govt Needs To Borrow In Funding 2022 Budget – Lawan

Nigeria’s Senate President, Ahmad Lawan, has said that government will have to borrow to fund the infrastructural development in the country.

Lawan made the comments on Tuesday upon the resumption of the lawmakers from recess.

He added that for the 2022 budget to be appropriately implemented, there was need to obtain funds from “significant borrowing”.

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He said: “Funding of the 2022 budget is predicated on significant borrowing. Our country is caught between the devil and the deep blue sea.