In a stark illustration of the economic challenges facing Nigeria, the Federal Government’s budget has seen a significant surge in naira terms but has encountered a decline when expressed in dollars. The proposed 2024 budget of N27.50 trillion represents a notable increase from the N320 billion budgeted in 1999, reflecting the growth and evolving needs of the nation.

However, a closer look reveals a concerning trend when viewed through the lens of the exchange rate. The proposed 2024 budget, when converted to dollars, stands at.........

https://ratecaptain.com/naira-vs-dollars-fgn-budget-soars-in-naira-but-weakens-against-the-dollar/