HURIWA warns FG against borrowing to fund budget

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Human Rights Writers Association of Nigeria (HURIWA) has told the Minister of Finance, Zainab Ahmed, that continuous borrowing from international

HURIWA noted that Nigeria had been on expansionist budgets since 2016, with its budget rising from the N4 trillion mark in 2010 to above N6 trillion since 2016.

To this end, it called on the minister to give Nigerians information on the total revenues it generated in the last five years of the Muhammadu Buhari-led administration. In a statement signed by its National Coordinator, Emmanuel Onwubiko, and the National Media Affairs Director, Zainab Yusuf, HURIWA noted that the senate, not too long ago, passed the revised 2020 budget of N10.8 trillion sent by Buhari, which was premised on the increase in the VAT rate from five per cent to 7.5 per cent.

 

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