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Rising Revenue Fails To Stop Nigeria Borrowing
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Rising Revenue Fails To Stop Nigeria Borrowing
The Federal Government of Nigeria has announced plans to borrow $1.75 billion from the World Bank, despite recording a historic 40.5 percent revenue increase in the first eight months of 2025. The surge, largely driven by non-oil revenue, was disclosed in a statement by Special Adviser to the President on Information and Strategy, Bayo Onanuga. According to official figures, total revenue between January and August 2025 reached N20.59 trillion, …
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