• Home
  • About Us
  • Our Team
  • Privacy Policy
  • Cookie Policy (EU)
  • Terms and Conditions
Monday, June 9, 2025
ELANHUB MEDIA
  • Home
  • News
    • Politics
    • Sports
    • World News
    • Opinion
  • Education
    • Lecture Notes
    • STUDY GUIDE
  • Entertainment
    • Celebrity Trends
    • Movies
    • Music
    • Short Stories
  • Lifestyle
    • Fashion
    • Food
    • Travel
  • Science
    • Covid Diary
    • COVID-19
  • Devotionals
    • Daily Manna
    • ESOCS Daily Devotional
    • Open Heaven
    • Rhapsody of Realities
No Result
View All Result
  • Home
  • News
    • Politics
    • Sports
    • World News
    • Opinion
  • Education
    • Lecture Notes
    • STUDY GUIDE
  • Entertainment
    • Celebrity Trends
    • Movies
    • Music
    • Short Stories
  • Lifestyle
    • Fashion
    • Food
    • Travel
  • Science
    • Covid Diary
    • COVID-19
  • Devotionals
    • Daily Manna
    • ESOCS Daily Devotional
    • Open Heaven
    • Rhapsody of Realities
No Result
View All Result
ELANHUB MEDIA
Home News World News

We Need to Borrow to Build Projects – FG

Stanley Uhegbu by Stanley Uhegbu
October 7, 2021
in World News
0
RSHOA approves N6.5bn loan for Gov. Wike

debt loan borrow illustration Source: pixabay.com

0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The Federal Government has said that the target to deliver many of its legacy projects would not be achievable without taking credit facilities, to finance them.

Minister of Finance, Zainab Ahmed made this known after the weekly executive meeting at the State House, yesterday in Abuja.

She also disclosed that council approved the 2022 budget of N16.39 trillion and that the N6.258 trillion budget deficit will be financed through local and external loans.

“Nigeria’s borrowing has been of great concern and has elicited a lot of discussions, but if you look at the total size of the borrowing, it is still within healthy and sustainable limits. As at July 2021, the total borrowing is 23% of GDP,” she said.

“If we just depend on the revenues that we get, even though our revenues have increased, the operational expenditure of government, including salaries and other overheads, is barely covered or swallowed up by the revenue.

“So, we need to borrow to be able to build these projects that will ensure that we’re able to develop on a sustainable basis,” she added.

Share this:

  • Tweet
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...
Tags: #ElanhubFGNZainab Ahmed
Previous Post

Daily Manna 7 October 2021: Friendly Fire

Next Post

Review Revenue Sharing Formula – Wike to RMAFC

Stanley Uhegbu

Stanley Uhegbu

Next Post
Rivers Residence Registration Bill gets First Reading

Review Revenue Sharing Formula - Wike to RMAFC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
RSG Donates Transformer, Generator to Radio Rivers, Promises Steady Power Supply

Rivers State Rolls Out Electric Cars to Revolutionize Transportation 

January 25, 2025
PORT HARCOURT GARDEN CITY ON A ROUTE TO MEGACITY, AS GOV FUBARA PLANS TO OPEN UP OTHER CITIES

PORT HARCOURT GARDEN CITY ON A ROUTE TO MEGACITY, AS GOV FUBARA PLANS TO OPEN UP OTHER CITIES

October 12, 2023
Breaking: Mr Ibu Reported Dead

Breaking: Mr Ibu Reported Dead

March 2, 2024

UN Recognizes Rivers State University as International Training Hub

January 29, 2025
How to Write a News Report – Part 1

How to Write a News Report – Part 2

497
Artwork for the Lecture Notes on the Rules of Language

LANGUAGE, MEANING & CULTURE (Part 2)

400
RVSG lauds media organisation for role in good governance

COVID-19: RVSG Charges Media Houses on Public Enlightenment

55
Artwork for So, You Think You're a Film Critic? The Audacity!

SO, YOU THINK YOU’RE A FILM CRITIC? THE AUDACITY!

31
RSPC Confirm Death of Uniport Student, Begins Investigation

UniPort Mourns the Death of Student Involved in Off-Campus Shooting Incident

June 9, 2025

“If You Never Existed, I would Have Never Existed” – Rema Hails D’banj for Pioneering Afrobeats Breakthrough

June 9, 2025
the Open Heaven is the official daily devotional for the Redeemed Christian Church of God. Redeemed Christian Church of God is one of the largest churches in Nigeria.

OPEN HEAVEN 9 June 2025: Cleave as One 1

June 8, 2025
Pastor Chris Oyakhilome is the writer of the daily devotional – Rhapsody of Realities. The daily devotional – Rhapsody of Realities is a Christian religious publication that contains spiritual reading and guidance for each calendar day

Rhapsody of Realities 9 June 2025: The Power of Protagonism

June 8, 2025

Recent News

RSPC Confirm Death of Uniport Student, Begins Investigation

UniPort Mourns the Death of Student Involved in Off-Campus Shooting Incident

June 9, 2025

“If You Never Existed, I would Have Never Existed” – Rema Hails D’banj for Pioneering Afrobeats Breakthrough

June 9, 2025
the Open Heaven is the official daily devotional for the Redeemed Christian Church of God. Redeemed Christian Church of God is one of the largest churches in Nigeria.

OPEN HEAVEN 9 June 2025: Cleave as One 1

June 8, 2025
Pastor Chris Oyakhilome is the writer of the daily devotional – Rhapsody of Realities. The daily devotional – Rhapsody of Realities is a Christian religious publication that contains spiritual reading and guidance for each calendar day

Rhapsody of Realities 9 June 2025: The Power of Protagonism

June 8, 2025
  • Home
  • About Us
  • Our Team
  • Privacy Policy
  • Cookie Policy (EU)
  • Terms and Conditions
Follow Us on Socials

© 2023 Elanhub - Designed and Developed by Elanhub Media.

No Result
View All Result
  • Home
  • News
    • Politics
    • Sports
    • World News
    • Opinion
  • Education
    • Lecture Notes
    • STUDY GUIDE
  • Entertainment
    • Celebrity Trends
    • Movies
    • Music
    • Short Stories
  • Lifestyle
    • Fashion
    • Food
    • Travel
  • Science
    • Covid Diary
    • COVID-19
  • Devotionals
    • Daily Manna
    • ESOCS Daily Devotional
    • Open Heaven
    • Rhapsody of Realities

© 2023 Elanhub - Designed and Developed by Elanhub Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
%d
    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkNoPrivacy policy