Mice are mice that is why mouse traps work.
President Bola Tinubus fresh request to the National Assembly to approve external loans totalling 24.14 billion is tiresome.
Once again, it raises concerns that Nigeria is hurtling towards a fiscal precipice, with public debt increasing at an alarming rate even as government revenues show signs of recovery. Editorialof a national newspaper, June 1, 2025. The Editorial was right about the likely repercussions of the new loan request, but, wrong in the assertion that government revenues show signs of recovery. Quite the contrary when government revenues are measured in dollars, rather than Naira, the picture of dismal performance will be revealed. It is because the governments dollar revenues, have declined relative to budget, that the FG is once again going cap in hand again in search of loans. In fact, VANGUARD had anticipated the loan request in articles published earlier this year.
BUDGETARY ILLUSION