Recession looms as budget deficit hits N4.5trn

June 1, 2020 Taiye Odewale 0

Strong indications emerged Monday that Nigeria economy is heading for another round of recession with deficit financing of  revised N10 .509 trillion 2020 budget rising from N1.847 trillion to N4.563 trillion.Feelers to this effect emerged during defence sessions held by the Senate Committee on Finance with heads of the country’s revenues generating agencies on revised 2020-2022 Medium Term  Expenditure Framework Read More