A financial analyst, Kalu Aja, alleged that the Nigerian government intends to borrow N2 trillion monthly to finance what he described as a “wasteful” 2026 budget.
He disclosed this in a statement on X on Wednesday, noting
that the N58.47 trillion 2026 budget is currently before the Nigerian Senate.
According to Aja, the budget focuses largely on solar
streetlights, motorcycles, cash grants, and other wasteful expenditures.
“I literally read every page of the 2026 budget.
“It’s a wasted opportunity, again.
“Just like the 2025 budget, it’s all about solar
streetlights, motorcycles, cash grants, and more wasteful spending.
“This is a nation where we are borrowing N2 trillion every
single month, and you believe the best use of those borrowed funds is solar
streetlights on bad roads?” he wrote on X.
Recall that President Bola Ahmed Tinubu in December last
year presented a N58.47 trillion budget before a joint session of the National
Assembly, with a projected budget deficit of N23.85 trillion against revenue of
N34.3 trillion.
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