The Federal Government has said it plans to invest more in the economy, rely more on domestic resources, and reduce its dependence on borrowing.
Minister of Finance Wale Edun said this while speaking on Bloomberg Television at the ongoing 56th World Economic Forum in Davos, Switzerland, on Tuesday.
“The issue now is to focus on revenue, focus on domestic resource mobilization,” he said. “We’re hoping to rely less on borrowing,” he added.
The minister’s remarks come as Nigeria implements fiscal reforms aimed at strengthening its economy.
Edun emphasised the need to focus on revenue generation.