Federal Government’s Borrowing Trend in The Last 21 Years

The borrowing of Nigeria government from the year 1999 to 2007 during Buhari administration was 2.4 trillion naira, it raised from 2007 to 2011 during president yar’adua/ Jonathan to 6.17 trillion naira, 2011 to 2015 it raised to 12.12 trillion naira and from 2015 to 2021 president Buhari administration it boost to 26.91 trillion naira.

The fix rates of naira to dollar (#=$) as at the following years:

From 1999 to 2007 the price of $1 to naira was #116.8, from 2007 to 2011 it raised to #156.7, increment was made in the year 2007 to 2011 from #116.8 to #195.95 and from 2015 to 2021 it raised to #381.0.

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