Some financial analysts including the Centre for Social Justice have faulted the huge amount allocated for debt service in the 2017 budget proposal and the increase in the National Assembly’s allocation by N10bn.
The Lead Director, CSJ, Mr. Eze Onyekpere, stated in a preliminary review of the budget that “dedicating 24.73 per cent of the overall budget proposal to debt service is an indication that Nigeria’s debt profile is becoming unsustainable.”
NASS had on Thursday approved the 2017 budget with a total of N7.44tn, which is N143bn higher than the estimates submitted by President Muhammadu Buhari.
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