Nigeria caught in borrowing web as deficit surges 984% in 11 years
Автор: BusinessDay Television
Загружено: 2026-01-29
Просмотров: 47
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On this episode of Behind the Headlines, Anchor Deborah Ezeh sits down with Oluwatobi Ojabello (Senior Financial Analyst at BusinessDay) to dissect the alarming anatomy of Nigeria’s 2026 budget. With a budget deficit rising from ₦2.2 trillion in 2016 to a projected ₦23.85 trillion in 2026, the conversation explores the shift from borrowing as a "temporary fix" to a "permanent feature."
We dive deep into:
The 52 trillion Naira budget increase over a decade.
Why debt servicing is now eating up more than recurrent expenditure.
The breakdown of spending on Security (₦5.5T+), Education (₦3.28T), and Health (₦2.08T).
The "Productivity Gap": Are we borrowing for growth or just to survive?
[Timestamps] [00:00] - Introduction to Nigeria’s "Borrowing Web." [01:14] - Meet Guest Analyst Oluwatobi Ojabello. [01:43] - The Expenditure vs. Revenue Problem. [02:43] - Data: The 11-year rise from ₦6.08T to ₦58.1T budget. [03:30] - The crushing cost of Debt Servicing. [04:45] - Sector Analysis: Security, Education, and Health spending. [06:43] - Is borrowing inherently bad? The "Productivity" debate. [07:42] - The 50% Revenue-to-Debt Warning.
#Nigeria #Economy #Debt #BusinessDay #NigeriaBudget2026 #Naira #News
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