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Why borrowing $24.14bn is inevitable

Why borrowing $24.14bn is inevitable

By Dele Sobowale “Mice are mice; that is why mouse traps work.” President Bola Tinubu’s fresh request to the National Assembly to approve external loans totalling $24.14 billion is tiresome.  Once again, it raises concerns that Nigeria is hurtling towards a fiscal precipice, with public debt increasing at an alarming rate even as government revenues show signs […]