Nigeria doesn’t have enough revenue for social services – Finance Minister Edun

The Minister of Finance, Olawale Edun, has lamented that Nigeria doesn't have enough revenue for critical infrastructure and social services crucial to Nigerians amid the economic hardship. Edun disclosed this in Abuja on a podcast hosted by Bruit Costaud in collaboration with Ballard Partners of USA. However, he assured Nigerians that under President Bola Ahmed Tinubu, the country has revamped multiple revenue streams to address emerging economic challenges.

'The government doesn't have enough revenue for critical infrastructure and social services, which are crucial to Nigerians now,' he said. According to him, Tinubu will deploy the strategy he used to revive the Lagos economy as governor. 'If you know about Mr President's antecedent, the first thing he did in Lagos as governor was to get hold of the revenue. 'What he did was to deploy digitisation.

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Hardship: Nigeria’s good uppermost in our minds – Finance Minister, EdunThe Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, says the good of Nigeria is the uppermost priority of President Bola Ahmed Tinubu's administration despite the economic hardship Nigerians grapple with. Edun made this known on Friday at an event in Abeokuta, Ogun State. He said the economy would experience growth.
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Fuel subsidy costs Nigerian government N400 billion monthly, says Minister of FinanceThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reveals that fuel subsidy is costing the Federal Government N400 billion monthly. President Bola Tinubu has declared the end of the fuel subsidy era to redirect funds towards developmental initiatives.
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