Opinion: FG Approves more external borrowings

The Federal Government has approved more external borrowings, says it will boost the dwindling economy.

The question is: why is the FG borrowing when they claimed to have saved money?

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Here is a list of the savings the Federal Governmemt has made:

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 by 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.????
This Question is worth asking!

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