Cheaper foreign loans or debt trap?

The Minister for Budget and National Planning, Udoma Udo Udoma, revealed to an audience, comprising the Organised Private Sector, Media and Civil Society Organisations, in Abuja, on October 18th 2018, that in contrast to the 2018 total budget of N9.12tn, the sum of N8.651tn will be budgeted for 2019; i.e. next year’s budget will be about N470bn less than in 2018.
 
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