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The Federal Government has announced plans to finance the proposed 2022 budget deficit pegged at N6.258 trillion through fresh borrowings.
Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this yesterday during a press conference after the Federal Executive Council, FEC meeting in Abuja, stating that this will aid the funding of the Federal Government’s infrastructure projects.
Ahmed said the move is necessary to be able to build projects and to ensure they are developed on a sustainable basis.
The Minister, while defending the government’s borrowings, maintained that the total size of the borrowing is still within healthy and sustainable limits.
