{"id":733256,"date":"2019-10-29T08:35:12","date_gmt":"2019-10-29T08:35:12","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/10\/29\/why-fg-is-borrowing-to-finance-budgets-senate-president\/"},"modified":"2019-10-29T08:35:12","modified_gmt":"2019-10-29T08:35:12","slug":"why-fg-is-borrowing-to-finance-budgets-senate-president","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/10\/29\/why-fg-is-borrowing-to-finance-budgets-senate-president\/","title":{"rendered":"Why FG Is Borrowing To Finance Budgets: Senate President"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<figure id=\"attachment_694217\" aria-describedby=\"caption-attachment-694217\" style=\"width: 600px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-694217 size-large\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/10\/lawan-600x400.jpg\" alt=\"Senate president Ahmed Lawan\" width=\"600\" height=\"400\"  \/><figcaption id=\"caption-attachment-694217\" class=\"wp-caption-text\">Senate president Ahmed Lawan<\/figcaption><\/figure>\n<p>Ahmed Lawan, the senate president, has revealed that the federal government of Nigeria has been borrowing to finance budgets simply as a result of the inefficiency of many revenue-generating agencies.<\/p>\n<p>He made this known through Ezrel Tabiowo, his special assistant (press), who represented him at the third University of Benin\/National Institute for legislative and Democratic Studies (NILDS) convocation ceremony.<\/p>\n<p>He said: \u201cToday, Nigeria is challenged by the unavailability of revenues. We can pass the budget in record time, but when it comes to implementation, that becomes subject to how much revenue we are able to realize.<\/p>\n<p><strong>Read Also: 79 is the magic number; Rauf Aregbesola Reacts To Emergence Of Ahmed Lawan As The New Senate President<\/strong><\/p>\n<p>\u201cThe majority of the agencies don\u2019t remit these revenues. They force the Nigerian government to resort to borrowing.<\/p>\n<p>\u201cThe time has come for the national assembly to continuously engage revenue generating agencies to know what their challenges are. Where they have targets, we must ensure they meet these targets. Where they don\u2019t meet them, we should find out why.\u201d<\/p>\n<p>              &#13;\n                    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Senate president Ahmed Lawan Ahmed Lawan, the senate president, has revealed that the federal government of Nigeria has been borrowing to finance budgets simply as a result of the inefficiency of many revenue-generating agencies. He made this known through Ezrel Tabiowo, his special assistant (press), who represented him at the third University of Benin\/National Institute [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":721233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-733256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why FG Is Borrowing To Finance Budgets: Senate President - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/10\/29\/why-fg-is-borrowing-to-finance-budgets-senate-president\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Why FG Is Borrowing To Finance Budgets: Senate President - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Senate president Ahmed Lawan Ahmed Lawan, the senate president, has revealed that the federal government of Nigeria has been borrowing to finance budgets simply as a result of the inefficiency of many revenue-generating agencies. 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