Nigeria Cannot Rely on Borrowing to Fund 2024 Budget, Says Finance Minister

  • 📰 allafrica
  • ⏱ Reading Time:
  • 7 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 99%

Economy News

Nigeria,Borrowing,Budget

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria cannot rely on borrowing to fund the 2024 budget. Mr Edun stated this on Thursday when he appeared before the joint Senate Committee on the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) in Abuja. He stated that the best way Nigeria could fund its budget was to spend more money on infrastructure to generate more revenue.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria cannot rely on borrowing to fund the 2024 budget. Mr Edun stated this on Thursday when he appeared before the joint Senate Committee on the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) in Abuja.

He stated that the best way Nigeria could fund its budget was to spend more money on infrastructure to generate more revenue.

 

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:

 /  🏆 1. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines