“Buhari’s 2020 Budget Is A Budget Of Bankruptcy” – Economist
Respected economist and public affairs commentator, Mr Odilim Enwegbara has described the 2020 Appropriation Bill as “a budget of bankruptcy”.
Reacting to the Bill presented by President Buhari to a joint session of the National Assembly on Tuesday, Enwegbara wondered if Nigeria had not “come to the point of agreeing that this business of federal government running Nigeria’s economy should be finally brought to an end?
According to him, debt service to revenue ratio is currently approaching 80% with domestic debt approaching 70% of the country’s overall debt stock. Is Nigeria heading for bankruptcy?