Funding 2024 Budget | Finance Minister Says Nigeria Cant Rely On Borrowing

For Nigeria, the spate of borrowing must be scaled down. For the Minister of Finance, Wale Edun, the best way Nigeria could fund its budget is to spend more money on infrastructure, to generate more revenue. Appearing before a Joint Senate Committee on the 2024/2026 Medium Term Expenditure Framework, he said; "clearly, we have now, internationally as well as nationally, we are in no position to rely on borrowing". He went on; "our direction of tariff is to reduce the quantum of borrowing or intercept deficit financing in the 20244 Budget. We are getting someplace

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