Tribune Online FG stays within legal borrowing limit, despite economic challenges —Bagudu Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, yesterday declared that the federal government has adhered to the legal borrowing limit of 5 percent from the Central Bank of Nigeria (CBN) despite challenges in the domestic and global economic environment. The minister said Nigerians are already appreciating the gains of key reforms so […] FG stays within legal borrowing limit, despite economic challenges —Bagudu Tribune Online
Minister Bagudu stated the FG has stayed within the legal borrowing limit of 5% from the CBN despite economic challenges, citing FX market stability and declining food inflation as evidence of reform gains. He assured the government would not exceed borrowing limits and would use innovative financing. Asset sales will occur under optimal market conditions. Bagudu highlighted reforms in the oil sector, commitment to agriculture and solid minerals, and ongoing reforms including reducing electricity subsidies. He addressed challenges in oil production, youth employment, healthcare accessibility, and expressed optimism about long-term oil price stability.
