The Minister of Finance and the Coordinating Minister of the Economy Mr. Wale Edun says with the improvement in the nation’s revenue, it will help to lower debt service as well as lower borrowing by the country.
Mr. Edun, stated this while giving an overview on the expected 2025 budget proposal and the Medium-Term Expenditure Framework and Fiscal Strategy Paper.
The Minister explained that there are positive indicators for a positive performance of the country’s economy by 2025.
He pointed out that the projection on increased revenue in 2025 as well as other measures taken by President Bola Tinubu’s administration the country is moving away from factors that had in the past impacted negatively on the Nigerian economy and affected its people.
Earlier, the Chairman, House Committee on Finance, Mr. James Faleke explained that the Committees are looking at the revenue performances of the MDAs as regards the 2024 Budget as the 2025 proposed Budget is about to commence in January.
Meanwhile, the Committee has directed the Managing Director and Chief Executive Officer, Nigerian Ports Authority, Dr. Abubakar Dantsoho to appear unfailing before the committee the next day
Mr. Faleke gave the order when he turned back Dantsoho’s representative, who informed the Committee that, the MD/CEO was on a special assignment, hence his absence before the Committee
