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Ring true By yemi adebowale      08054699539 Email: yemi.adebowale@thisdaylive.com The 2021 federal budget is N13.8 trillion. It has a deficit of N5.6 trillion and this will be funded, largely, through external borrowing. Over 30 per cent of the funds for this budget 2021 will be loans. This is why President Muhammadu Buhari is asking the National Assembly to approve N2.3 trillion ($6.18 billion) external loan to enable him fund part of the 2021 budget. The loan is part of N4.6 trillion federal lawmakers had earlier approved for his government as contained in the 2021 Appropriation Act. About 33 per cent of budget 2021 is set aside for debt servicing. Is this nonsense making sense? This is the level Nigeria has degenerated while binge-borrowing. Budget figures of the government of the Federal Republic of Nigeria have become voodoo numbers. They persistently bamboozle Nigerians with humorous numerals. The long and the shot of all these confusing figures is that Nigeria is in se

Nigeria generalPort harcourtAbuja federal capital territoryFederal republic of nigeriaFrancis fadahunsiHameed aliYemi adebowaleFemi gbajabiamilaMuhammadu buhariShehu saniHadiza bala usmanSenate committee on customsInternational monetary fundChina development bankFiscal responsibility commissionNigerian railway modernisation project idu