FEDERAL GOVERNMENT EMBARKS ON BORROWING – Muazu Magaji Asks Why ? Read Reasons…

FG Approves more external borrowings, says it will boost the dwindling economy.

The question is why borrowing when they claimed to have saved

N2.6trn through TSA

N1.4trn from Subsidy

N3.2trn from recovered loot

N665bn from stamp duty

N1.1trn from custom

N2.6trn from Tax revenue

N2.7trn from crude oil

The list is endless.

According to various reports by FG the total fund generated so far FG is above N13.2trns.

Remember the 2016 budget is N6.4trn. How come FG is still borrowing to Fund N6.4trn Budget when it has generated over N13.2trn.????

Muazu Magaji is one of the APC governorship aspirant in Kano during last election. 

Muazu Magaji
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