The Federal Government of Nigeria is shifting its focus towards investment rather than relying heavily on high-cost commercial borrowing, as part of its revised resource allocation strategy. This was highlighted by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a two-day high-level interactive session held in Abuja.
The government’s new approach aims to enhance economic efficiency and ensure sustainability, reducing the financial burdens associated with extensive borrowing practices. This change in strategy reflects an effort to bolster the country’s economic stability through more sustainable financial management practices.
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