Edun stated this on Monday in Bauchi during the opening ceremony of the National Council on Finance and Economic Development, NACOFED, with the theme: 'Fostering Economic Growth in Challenging Times.' The minister said Tinubu’s administration inherited the assets and the liabilities and there was no looking back but in charting a way forward, decisions needed to be made in order to stabilize the economy.
They have been removed and the federation account will benefit from increased flow of resources to the federal, states and local governments and so much more can be done in terms of investing not just in infrastructure but in social services like education, health. “The road is clear for private sector investors and as we know, we are now back in business on the road to industrialization, based on what is happening in the petroleum refining sector.
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Why FEC approved fresh $2.2bn borrowing plan for Nigeria – Finance Minister, EdunThe Minister of Finance, Wale Edun, has explained that the Federal Executive Council approved a fresh $2.2 billion borrowing plan for Nigeria to enable the country’s access to the international capital market for a combination of the Euro bond and SUKUK financing.
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