The Federal Government yesterday disclosed its plans to borrow at least N4. 987 trillion to finance its N13.58 trillion 2021 Budget.
The amount, according to Minister of Finance, Budget and National Planning, Zainab Ahmed, at the 2021 Budget breakdown webinar, is part of the N5.196 trillion budget deficit built into the Budget.
This, however, is aside the planned supplementary budget to finance purchase of Covid-19 vaccines.
Ahmed disclosed that the dormant accounts and unclaimed dividend to be borrowed by the government during the year would be repaid from the Special Trust Fund to be set up by the federal government, once owners were properly identified.
Ahmed further stated that the Minister of Health and his team were still working on the details of what covid-19 vaccines would cost the nation but that once that was finalised, a supplementary budget would be presented to the National Assembly, for the approval funds.
