In a strategic shift aimed at bolstering economic efficiency and sustainability, the Federal Government of Nigeria is placing greater emphasis on investment over borrowing. The Finance and Coordinating Minister of the Economy, Wale Edun, announced this initiative during a high-level interactive session in Abuja.
The adjustment in strategy seeks to reduce the nation’s dependence on high-cost commercial borrowing, thereby optimizing resource allocation. This move marks a significant policy direction as the government aims to foster economic stability and resilience through more prudent financial management.
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