Analysts have raised concerns about the capacity of the 2023 budget to alter the trajectory of the Nigerian economy. According to them, the rate of unemployment which was 33.3% as of 2020, would not improve going by the Federal Government’s (FG’s) plan to spend only N5.97trn (28% of the 2023 budget) on Capital expenditure even while fiscal deficits have risen since last year from 26% of the budget to over 50%.

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