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With borrowing not offering a lot of prospects, the government’s attention shifted more to alternative means of growing the economy including attracting foreign direct investments and expanding the tax revenue base.<\/em><\/p>\n In the twilight of his administration, former President Muhammadu Buhari hastily sought and got the National Assembly’s approval to convert a N22.7 trillion ($49 billion at the time) borrowing from the Central Bank of Nigeria<\/a><\/strong> (CBN) into bonds.<\/p>\n Borrowing a sum that huge from the bank…<\/p>\n<\/div>\n Read more on AllAfrica.com<\/a> With borrowing not offering a lot of prospects, the government’s attention shifted more to alternative means of growing the economy including attracting foreign direct investments and expanding the tax revenue base. In the twilight of his administration, former President Muhammadu Buhari hastily sought and got the National Assembly’s approval to convert a N22.7 trillion ($49 […]<\/p>\n","protected":false},"author":10,"featured_media":174219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn08.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[249],"tags":[258,256,11468,5762,8467,257,4687,393,5761,254,34574,6537],"class_list":["post-174218","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria","tag-africa","tag-africa-news","tag-bag","tag-economy","tag-mixed","tag-news","tag-nigeria","tag-nigeria-news","tag-nigerias","tag-south-africa-today","tag-tinubus","tag-year"],"fifu_image_url":"https:\/\/cdn08.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/174218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=174218"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/174218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/174219"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=174218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=174218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=174218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 West Africa Nigeria<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"