Nigeria doesn’t have enough revenue for social services – Finance Minister Edun

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The Minister of Finance, Olawale Edun, has lamented that Nigeria doesn’t have sufficient income for vital infrastructure and social companies essential to Nigerians amid the financial hardship.

Edun disclosed this in Abuja on a podcast hosted by Bruit Costaud in collaboration with Ballard Companions of USA.

Nevertheless, he assured Nigerians that below President Bola Ahmed Tinubu, the nation has revamped a number of income streams to handle rising financial challenges.

“The federal government doesn’t have sufficient income for vital infrastructure and social companies, that are essential to Nigerians now,” he mentioned.

In response to him, Tinubu will deploy the technique he used to revive the Lagos economic system as governor.

“If you understand about Mr President’s antecedent, the very first thing he did in Lagos as governor was to pay money for the income.

“What he did was to deploy digitisation. He used the most recent know-how to dam leakage and enhance the effectivity of monitoring and assortment.

“This is similar factor we’re doing on the federal stage now. The income of the Federal Authorities has been completely revamped,” he added.

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