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Business / Politics

2023 Appropriation Bill: Nigeria is heading towards greater debt

In October, President Muhammadu Buhari presented an Appropriation Bill of N20.51trn ($43.7bn) for the fiscal year 2023 to the joint session of the lower and upper Chambers of the National Assembly. He described the 2023 proposed budget as one “of fiscal sustainability and transition” – his very last budget as Nigeria’s president. However, what financial legacy is he leaving behind?

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