Connect with us


News

FG Reveals How It Will Fund 2019 Budget

Published

on

The Nigerian government has declared that it intends to fund the 2019 budget by borrowing.

Through its Minister of Finance, Zainab Ahmed, the FG disclosed this yesterday after the Federal Executive Council (FEC) meeting in Abuja.

She noted that the funds would be gotten both locally and internationally.

We intend to fund the 2019 budget through borrowing locally and internationally with a spread of 50:50. Our focus is on concessionary long-term loans,” she said.

The Finance Minister said local revenue generation comes with challenges, but noted that there are strategies in place to finance the 2019 budget.

Naija News reports the 2019 budget estimate is still been deliberated on by lawmakers in the National Assembly.

The lawmakers have promised to speed up action on the passage of the budget which had been submitted by President Muhammadu Buhari in December 2018.

is a prolific writer, broadcaster and teacher, who likes to try out new things' you can reach me via [email protected]