The borrowing trend of the federal government of the Nigerian for the last 21 years of governance has been challenging.During the Obasanjo regime the borrowing from 1999-2007 is #2.42tn, from 2007- 2011 during the yar’adua/Obasanjo its 6.17tn, Jonathan from 2011-2015 with borrowing of 12.12tn and finally Buhari from 2015-2021 with 26.91tn borrowing trend. This has shown that there has been drastic increase in the borrowing trend during Buhari regime.


In addition to this the naira to dollar exchange rate was given as at 1999-2007 it’s 116.8,from 2007-2011 it’s 156.7,from 2011-2015 it’s 196.95,from 2015-2021 it’s 380.1.this accordingly to DMO,budget office.This is without doubt backwardness as federal government of Nigeria.There is a need for economy growth so the borrowing rate can reduce.The exchange rate which used to be the best is now becoming worse and making things difficult for the nation at large.Lacking behind wouldn’t be the best so it will be good if the Nigerian government can work towards reducing the borrowing and work on balancing the naira to dollar exchange rate.