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Zainab Ahmed, foreign exchange rate

Economy: ‘Manufacturing sector’ll negatively be impacted’

The Director-General, Manufacturers Association of Nigeria, MAN, Mr Segun Ajayi-Kadir, said: “Debt servicing and recurrent expenditures amount to N7.15 trillion or nearly 74 per cent of the planned total budget of N9.78 trillion. The provision for debt servicing is more than the allocation to capital expenditure, while recurrent expenditure it twice the size of capital expenditure. This is worrisome.

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