MTEF: Nigeria to Borrow N14.8 Trillion in Three Years, Debt Servicing at N14.6 Trillion
A Dataphyte review of the Medium Term Expenditure Framework has revealed that Nigeria will borrow N14.8 Trillion between 2022 and 2024. According to the document, the projected figure for 2022 stands at N4.89 Trillion. This is further broken into domestic borrowing of N2.44 Trillion and N2.44 Trillion for foreign borrowing.