FG Plans to Boost Investment, Cut Borrowing, Focus on Domestic Revenue – Wale Edun

The Federal Government has reaffirmed its commitment to investing more in Nigeria’s economy while reducing its dependence on borrowing, as it shifts focus toward domestic revenue generation and long-term fiscal sustainability. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known on Tuesday during an interview with Bloomberg Television at the…

FG Sets to Secure $2.2Billion World Bank Loan

President Bola Tinubu’s administration, on  Saturday announced that Nigeria had secured a loan of $2.25 billion from the World Bank at a single-digit interest rate. The package includes a 40-year term with a 10-year moratorium and a nominal interest rate of 1 percent. During a press briefing in Washington DC, United States, Wale Edun, Nigeria’s…