The Minister of Finance, Olawale Edun, has lamented that Nigeria doesn’t have enough revenue for critical infrastructure and social services crucial to Nigerians amid the economic hardship.
Edun disclosed this in Abuja on a podcast hosted by Bruit Costaud in collaboration with Ballard Partners of USA.
However, he assured Nigerians that under President Bola Ahmed Tinubu, the country has revamped multiple revenue streams to address emerging economic challenges.
“The government doesn’t have enough revenue for critical infrastructure and social services, which are crucial to Nigerians now,” he said.
According to him, Tinubu will deploy the strategy he used to revive the Lagos economy as governor.
“If you know about Mr President’s antecedent, the first thing he did in Lagos as governor was to get hold of the revenue.
“What he did was to deploy digitisation. He used the latest technology to block leakage and improve the efficiency of monitoring and collection.
“This is the same thing we are doing at the federal level now. The revenue of the Federal Government has been totally revamped,” he added.
Nigeria doesn’t have enough revenue for social services – Finance Minister Edun
