Connect with us

News

BREAKING !!!: 2020 Budget Is A Budget Of Bankruptcy ― Odilim Enwegbara, Economist

Published

on

Mr Odilim Enwegbara , Eonomist and public affairs commentator, has described the 2020 Appropriation Bill as “a budget of bankruptcy”.
Reacting to the Bill presented 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?

ALSO READ
BREAKING !!!: Summary of COVID-19 latest updates from various countries



“For how long do we have to have such a prodigious federal government, a government that can’t stop its borrowing spree?


“For how long should we allow this government to continue to borrow its oversized consumption, where less than two million government workers have directly and indirectly be responsible for 90% of the country’s annual spending?


“For how long should the federal government has to decide where and why road or water etc. should be constructed in Nigeria?”

According to him, debt service to revenue ratio is currently approaching 80% with domestic debt approaching 70% of the country’s overall debt stock.

ALSO READ
BREAKING - Nigerians Became poorer in Buhari’s first term – The Economist Say

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *




News49 mins ago

BREAKING – Egypt Wants Okonjo-iweala Disqualified From WTO Top Job

News1 hour ago

WOW !!!: Nollywood actor Hanks Anuku debunks the news of his death in a live video

Hot Gists1 hour ago

HELP !!!: What Do I Do? I Really Love This Igbo Guy But His Mum Is Against Our Relationship – Yoruba Lady

News2 hours ago

BREAKING – Senate President, Ahmed Lawan, Others Visit Orji Kalu (Photos)

News4 hours ago

BREAKING – Thief falls asleep during operation after breaking into a TV presenter’s house (photos)

Hot Gists4 hours ago

BREAKING – LASU Student In Viral Video Kissing His Baby Sister In Trouble With The Govt. – NHRC Reveals

Hot Gists4 hours ago

BREAKING – ANOTHER BRUTALITY! 22yr Old Unarmed Man Shot Dead By Carlifonia Police Man

Uncategorised4 hours ago

UPDATE – Naira Marley – The World Is Boring Right Now

Uncategorised8 hours ago

BREAKING – Minister sacked over plan to buy $2.2m sweets

Uncategorised8 hours ago

BREAKING – How to End COVID-19 Pandemic All Over The World – Bill Gates Gives Insight on The Vaccine

Uncategorised8 hours ago

BREAKING – How to End COVID-19 Pandemic All Over The World – Bill Gates Gives Insight on The Vaccine

Uncategorised8 hours ago

UPDATE – Why Oshiomhole Wants Direct Primary Election – Shaibu, Obaseki’s Deputy

Uncategorised9 hours ago

BREAKING – Governors Violating Interstate Travel Ban

News10 hours ago

BREAKING – Sharpton explains what he thinks Floyd’s last words meant

News10 hours ago

BREAKING – Kanye West now richest musician in the world: Forbes

Entertainment12 hours ago

‘You’re Insecure, Fix It,’ Tacha Mocks Kimoprah (Video)

News1 day ago

UPDATE !!!: VIDEO: Meghan Markle Speaks Up On Black Lives Matter Movement

News2 days ago

BREAKING – US Embassy Warns Citizens After Nigerian Stage Justice For George Floyd Protest In Abuja

Hot Gists2 days ago

BREAKING – Nigerian man speaks up against relaxation of lockdown, shares video of corpses of Coronavirus patients wrapped up for burial in Lagos (video)

Hot Gists3 days ago

WOW !!!: Excited Female Fan Shows Off The Iphone & N100k Gift She Got From Bobrisky (Video)

News4 days ago

BREAKING – White community kneel before Black community to beg for forgiveness for years of racism (video)

Entertainment5 days ago

WOW !!!: A Quick Look Into The Interior Of Davidio’s Estimated N800million Banana Island House (Video)

Entertainment6 days ago

PICS – Adorable video of pregnant Regina Daniels dancing

Hot Gists1 week ago

LORD !!!: Drama As Angry Driver Chase Bribe-Seeking Policemen Off the Road With His Vehicle (Video)

Hot Gists1 week ago

UPDATE !!!: “In 2019, May D Begged Me To Sign Him Back” – Jude Okoye Discloses (WATCH)

Entertainment1 week ago

VIDEO – “Don’t Ever Try To Insult My Husband Like You Do To Me” – Anita Joseph Issues Stern Warning

Entertainment1 week ago

UPDATE – VIDEO: This Is What Veteran Singer, Daddy Showkey Says About ‘Marijuana’

Hot Gists1 week ago

LORD !!!: Boy Engages In Physical Fight With His Father In Abia State Over Feeding Money (VIDEO)

Entertainment2 weeks ago

SAD !!!: Actress, Destiny Etiko Buries Her Father Amist Of Tears In Enugu State

Entertainment2 weeks ago

WOW !!!: Viral Video of Elderly Woman Dancing to Naira Marley’s ‘Tesumole’ Song With So Much Energy




Trending