FG Set To Implement 2019 Budget With Borrowed Funds...Finance Minister

The federal government has expressed its intention to fund the 2019 budget through borrowing.

Zainab Ahmed, Nigeria's Minister of Finance, disclosed this on Wednesday after the Federal Executive Council (FEC) meeting in Abuja.

According to Ahmed, the funds would be sourced locally and internationally. 

"We intend to fund the 2019 budget through borrowing locally and internationally with a spread of 50:50. Our focus is on concessionary long-term loans," she said.

The Finance Minister said local revenue generation comes with challenges, but noted that there are strategies in place to finance the 2019 budget.

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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