Nigeria Will Not Borrow
Nigeria to borrow $30b in addition to existing N16.3b that we need, at least 45% of our annual revenue to service over the next few years.
So only 55% of our earnings can fund both capital and recurrent expenditure going forward. We will be lucky if we implement up to 50% of our bogus N6 trillion 2016 budget and 2017 will follow the same pattern given the extent of this gbese that we want to add more on top.
The last 16 years was a waste, we didn't come out of decades old debt so let us make the next few years profitable by entering into massive debts for our children to pay back. And someone said I am a persimist for connecting the dots!