Nigeria’s debt sustainable, improved revenues imperative

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 75%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the country’s debt situation is sustainable and does not require restructuring.

Edun said this on Saturday in Marrakech, on the sidelines of the ongoing World Bank/International Monetary Fund Annual Meetings.Edun, who however, agreed that the country’s debt service revenue was on the high side, said that the response to that was to improve both oil and non-oil revenue.“Also, we have spent time meeting oil producers and encouraging them to invest further in production, so as to boost revenue as oil prices are relatively high.

“These are painful reforms, but there is a set of interventions being rolled out to cushion their effects and improve the well-being of Nigerians,” Edun saidJapa: Pate confirms FG’s approval to engage retired medical practitioners

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

N26trn Financial Statement Signed Without Finance Minister’s KnowledgeMembers of the Senate Public Account Committee were shocked following the revelation that the former accountant-general of the federation (AGF) in 2019, Ahmed
Source: LeadershipNGA - 🏆 4. / 77 Read more »

BREAKING: Nigeria’s Finance Minister, Wale Edun, gets World Bank AppointmentA Trusted Nigerian Newspaper
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Nigeria's Finance Minister Bags Historic World Bank AppointmentNigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has been appointed to chair the African Governors’ Forum of the World
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Tinubu’s Finance Minister, Wale Edun gets World Bank appointmentMinister of Finance and Coordinating Minister of the Economy, Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank. The African Governors’ Forum is a platform for African finance ministers and central bank governors to engage with the World Bank on issues of mutual interest.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

World Bank appoints Finance minister Wale EdunThe World Bank has appointed Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun as the Chairman of the African Governors’ Forum.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

JUST IN: Finance Minister Wale Edun gets World Bank appointmentThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World
Source: TheNationNews - 🏆 6. / 69 Read more »